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

Shares of Plus500 Ltd. (LON:PLUS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,338.06 and traded as low as GBX 3,736. Plus500 shares last traded at GBX 3,774, with a volume of 164,927 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLUS shares. Jefferies Financial Group restated a “buy” rating and set a GBX 5,350 price objective on shares of Plus500 in a research report on Monday, August 10th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 3,400 target price on shares of Plus500 in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,166.67.

Plus500 Stock Performance

The company has a market cap of £2.60 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.24 and a beta of 0.34. The company has a quick ratio of 3.89, a current ratio of 281.76 and a debt-to-equity ratio of 3.96. The business has a fifty day simple moving average of GBX 4,209.09 and a two-hundred day simple moving average of GBX 4,338.06.

Insider Activity at Plus500

In other Plus500 news, insider Tami Gottlieb purchased 537 shares of Plus500 stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of GBX 3,736 per share, with a total value of £20,062.32. 51.30% of the stock is owned by insiders.

About Plus500

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.