INTL Fcstone (NASDAQ:INTL) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of INTL Fcstone (NASDAQ:INTL) from a hold rating to a sell rating in a report published on Friday morning, BidAskClub reports.

INTL has been the subject of several other reports. ValuEngine cut INTL Fcstone from a hold rating to a sell rating in a research report on Wednesday, May 15th. TheStreet cut INTL Fcstone from a b- rating to a c rating in a research report on Wednesday, May 8th.

Shares of INTL stock opened at $36.75 on Friday. INTL Fcstone has a 12 month low of $34.10 and a 12 month high of $57.00. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.29 and a current ratio of 1.88. The company’s 50 day moving average is $38.77. The firm has a market capitalization of $700.09 million, a P/E ratio of 9.66 and a beta of 1.63.

INTL Fcstone (NASDAQ:INTL) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.84 EPS for the quarter. INTL Fcstone had a return on equity of 13.83% and a net margin of 0.27%. The company had revenue of $283.40 million for the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. bought a new stake in shares of INTL Fcstone in the first quarter valued at approximately $40,000. Bank of Montreal Can boosted its position in shares of INTL Fcstone by 133.5% in the second quarter. Bank of Montreal Can now owns 1,994 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 1,140 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of INTL Fcstone by 300.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,243 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,433 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of INTL Fcstone in the fourth quarter valued at approximately $168,000. Finally, 6 Meridian bought a new stake in shares of INTL Fcstone in the first quarter valued at approximately $201,000. 70.46% of the stock is owned by institutional investors.

INTL Fcstone Company Profile

INTL FCStone Inc operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides payment solutions to banks and commercial businesses; and charities and non-governmental organizations, and government organizations.

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