Macquarie Group (OTCMKTS:MQBKY) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Macquarie Group Limited (OTCMKTS:MQBKY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $141.23 and traded as low as $135.85. Macquarie Group shares last traded at $136.52, with a volume of 35,378 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MQBKY shares. UBS Group raised shares of Macquarie Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Zacks Research upgraded Macquarie Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group raised Macquarie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Macquarie Group Stock Performance

The company has a 50 day simple moving average of $145.53 and a 200 day simple moving average of $141.23.

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.