Plus500 (LON:PLUS) Sets New 52-Week Low at $1,384.00

Plus500 Ltd. (LON:PLUS) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 1,384 ($17.48) and last traded at GBX 1,387 ($17.52), with a volume of 14123 shares traded. The stock had previously closed at GBX 1,397 ($17.64).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 2,300 ($29.05) target price on shares of Plus500 in a research report on Tuesday, July 11th.

Plus500 Trading Down 0.6 %

The company has a current ratio of 3.80, a quick ratio of 3.89 and a debt-to-equity ratio of 1.95. The stock has a market cap of £1.13 billion, a P/E ratio of 602.16, a PEG ratio of 0.24 and a beta of -0.02. The firm’s 50-day simple moving average is GBX 1,462.92 and its 200 day simple moving average is GBX 1,567.66.

Plus500 Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, August 24th will be given a $0.73 dividend. This is a boost from Plus500’s previous dividend of $0.32. The ex-dividend date is Thursday, August 24th. This represents a yield of 4.04%. Plus500’s dividend payout ratio is 2,155.17%.

Plus500 Company Profile

Plus500 Ltd., a fintech company, operates technology-based trading platformsin Europe, the United Kingdom, Australia, and internationally. The company operates an online and mobile trading platform within the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.