Virtu Financial (NYSE:VIRT) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Virtu Financial (NYSE:VIRT) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Wall Street Zen cut shares of Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Virtu Financial has a consensus rating of “Hold”.

Virtu Financial Price Performance

Shares of Virtu Financial stock opened at $35.38 on Monday. The firm has a fifty day simple moving average of $41.86. The firm has a market cap of $5.41 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.49 and a beta of 0.69. Virtu Financial has a 12 month low of $29.82 and a 12 month high of $45.77. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.07.

Virtu Financial (NYSE:VIRT) last announced its earnings results on Wednesday, July 30th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.01). The business had revenue of $567.72 million during the quarter, compared to analyst estimates of $519.17 million. Virtu Financial had a net margin of 11.98% and a return on equity of 37.56%.

Virtu Financial Company Profile

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.