Virtu Financial (NYSE:VIRT) Cut to Hold at Zacks Research

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

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Virtu Financial in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Virtu Financial presently has a consensus rating of “Hold”.

Virtu Financial Stock Performance

NYSE:VIRT opened at $38.16 on Tuesday. The firm has a market cap of $5.84 billion, a PE ratio of 7.44, a P/E/G ratio of 1.33 and a beta of 0.61. The firm has a 50 day simple moving average of $35.29 and a 200-day simple moving average of $36.77. Virtu Financial has a 1-year low of $31.55 and a 1-year high of $45.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.14 and a quick ratio of 0.47.

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.