Virtu Financial (NYSE:VIRT) Cut to “Hold” at 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 downgraded Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Virtu Financial Trading Down 0.7%

Shares of NYSE VIRT opened at $35.15 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $5.37 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 0.48 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 business’s 50-day simple moving average is $41.72.

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

About Virtu Financial

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.