FirstRand (OTCMKTS:FANDF) Shares Down 2.3% – Here’s What Happened

FirstRand Limited (OTCMKTS:FANDF) fell 2.3% on Thursday . The stock traded as low as $5.8675 and last traded at $5.8675. 282 shares changed hands during trading, a decline of 52% from the average session volume of 585 shares. The stock had previously closed at $6.0075.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on shares of FirstRand in a research report on Thursday, November 13th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, FirstRand currently has a consensus rating of “Buy”.

FirstRand Stock Down 2.3%

The stock has a 50 day moving average of $5.51 and a two-hundred day moving average of $4.88.

About FirstRand

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.

The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.