Macquarie Group (OTCMKTS:MQBKY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Macquarie Group Limited (OTCMKTS:MQBKY) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $141.04 and traded as low as $137.53. Macquarie Group shares last traded at $138.26, with a volume of 24,864 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Macquarie Group to a “strong sell” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Macquarie Group currently has a consensus rating of “Reduce”.

Macquarie Group Price Performance

The company’s 50 day simple moving average is $133.37 and its two-hundred day simple moving average is $141.04.

About Macquarie Group

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.