Plus500 (LON:PLUS) Share Price Breaks Below 200-Day Moving Average – Here’s What Happened

Shares of Plus500 Ltd. (LON:PLUS – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 4,240.18 and traded as low as GBX 3,436. Plus500 shares last traded at GBX 3,436, with a volume of 228,025 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLUS shares. Peel Hunt reissued a “hold” rating and set a GBX 3,400 target price on shares of Plus500 in a research note on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,350 price target on shares of Plus500 in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Plus500 currently has an average rating of “Moderate Buy” and an average target price of GBX 4,166.67.

Check Out Our Latest Report on Plus500

Plus500 Trading Down 0.5%

The business has a fifty day simple moving average of GBX 3,765.08 and a 200-day simple moving average of GBX 4,235.66. The company has a debt-to-equity ratio of 3.96, a quick ratio of 3.89 and a current ratio of 281.76. The firm has a market cap of £2.44 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.24 and a beta of 0.33.

Insider Buying and Selling at Plus500

In other news, insider Tami Gottlieb purchased 537 shares of Plus500 stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of GBX 3,736 per share, for a total transaction of £20,062.32. Company insiders own 49.62% of the company’s stock.

About Plus500

(Get Free Report)

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.

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