Plus500 (LON:PLUS) Shares Pass Below 200 Day Moving Average of $1,423.33

Plus500 Ltd. (LON:PLUS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,423.33 ($18.60) and traded as low as GBX 1,365 ($17.83). Plus500 shares last traded at GBX 1,393 ($18.20), with a volume of 159,604 shares.

Several research analysts recently issued reports on PLUS shares. Peel Hunt reissued a “hold” rating and set a GBX 1,560 ($20.38) target price on shares of Plus500 in a research note on Monday, July 12th. Peel Hunt reissued a “hold” rating and set a GBX 1,560 ($20.38) target price on shares of Plus500 in a research note on Monday, July 12th. Finally, Liberum Capital upped their price objective on shares of Plus500 from GBX 2,090 ($27.31) to GBX 2,200 ($28.74) and gave the stock a “buy” rating in a report on Tuesday, August 17th.

The company’s fifty day moving average price is GBX 1,414.82 and its 200 day moving average price is GBX 1,423.33. The company has a market cap of £1.42 billion and a PE ratio of 5.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.66 and a quick ratio of 4.66.

The company also recently announced a dividend, which will be paid on Thursday, November 11th. Stockholders of record on Thursday, August 26th will be issued a $0.59 dividend. The ex-dividend date is Thursday, August 26th. This represents a dividend yield of 2.99%. Plus500’s dividend payout ratio is currently 0.62%.

About Plus500 (LON:PLUS)

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). The company's online trading platform allows its customers to trade CFDs on approximately 2,800 underlying financial instruments, including equities, indices, commodities, options, exchange-traded funds, cryptocurrencies (availability subject to regulation), shares, and foreign exchange in approximately 50 countries in 32 languages.

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