Macquarie Group (OTCMKTS:MQBKY) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Macquarie Group Limited (OTCMKTS:MQBKY)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $141.42 and traded as low as $131.46. Macquarie Group shares last traded at $133.0668, with a volume of 18,762 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MQBKY shares. The Goldman Sachs Group upgraded shares of Macquarie Group to a “strong sell” rating in a report on Thursday, October 9th. Zacks Research cut shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Macquarie Group presently has a consensus rating of “Reduce”.

Macquarie Group Stock Down 0.9%

The firm’s fifty day moving average is $136.37 and its two-hundred day moving average is $141.42.

Macquarie Group Company Profile

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.