Gain Capital Holdings Inc (NYSE:GCAP)’s stock price rose 5.9% during trading on Thursday . The stock traded as high as $4.31 and last traded at $4.30, approximately 110,600 shares were traded during mid-day trading. A decline of 34% from the average daily volume of 168,682 shares. The stock had previously closed at $4.06.
GCAP has been the subject of several research reports. Zacks Investment Research downgraded shares of Gain Capital from a “hold” rating to a “strong sell” rating in a research note on Monday. B. Riley set a $7.00 price target on shares of Gain Capital and gave the stock a “buy” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Gain Capital has a consensus rating of “Buy” and an average target price of $5.75.
The stock has a market capitalization of $150.28 million, a PE ratio of -5.06, a PEG ratio of 2.12 and a beta of 0.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average is $4.06 and its two-hundred day moving average is $4.45.
Gain Capital (NYSE:GCAP) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Gain Capital had a negative net margin of 12.32% and a negative return on equity of 11.89%. The company had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $68.11 million. During the same period last year, the firm earned $0.31 earnings per share. Gain Capital’s revenue was down 30.2% on a year-over-year basis. As a group, analysts anticipate that Gain Capital Holdings Inc will post -0.94 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in Gain Capital in the third quarter valued at $25,000. Jane Street Group LLC purchased a new stake in shares of Gain Capital in the second quarter valued at about $103,000. Walleye Trading Advisors LLC purchased a new stake in shares of Gain Capital in the second quarter valued at about $120,000. Paloma Partners Management Co purchased a new stake in shares of Gain Capital in the second quarter valued at about $168,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Gain Capital by 3,530.3% in the third quarter. Russell Investments Group Ltd. now owns 43,563 shares of the financial services provider’s stock valued at $230,000 after buying an additional 42,363 shares during the last quarter. 51.49% of the stock is owned by hedge funds and other institutional investors.
Gain Capital Company Profile (NYSE:GCAP)
GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.
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