Virtu Financial (NYSE:VIRT) Upgraded at Zacks Research

Zacks Research upgraded shares of Virtu Financial (NYSE:VIRT) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Virtu Financial in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

Virtu Financial Stock Performance

Virtu Financial stock opened at $33.36 on Tuesday. Virtu Financial has a fifty-two week low of $31.89 and a fifty-two week high of $45.77. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a 50 day moving average of $34.51. The firm has a market cap of $5.10 billion, a P/E ratio of 7.22, a PEG ratio of 0.59 and a beta of 0.58.

Virtu Financial (NYSE:VIRT) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The company had revenue of $467.02 million for the quarter, compared to analysts’ expectations of $420.14 million. Virtu Financial had a return on equity of 41.04% and a net margin of 12.09%.

Virtu Financial Company Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.