Bats Global Markets Inc (BATS) Trading Down 4.4%
Shares of Bats Global Markets Inc (NASDAQ:BATS) traded down 4.4% during trading on Tuesday . The stock traded as low as $25.98 and last traded at $25.98, with a volume of 68,762 shares changing hands. The stock had previously closed at $27.18.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Bats Global Markets from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, July 12th. Barclays PLC upped their price target on shares of Bats Global Markets from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Royal Bank Of Canada assumed coverage on shares of Bats Global Markets in a research report on Tuesday, June 21st. They issued an “underperform” rating and a $23.00 price target for the company.
The stock’s 50-day moving average is $25.70 and its 200 day moving average is $25.53.
Bats Global Markets (NASDAQ:BATS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. On average, equities analysts anticipate that Bats Global Markets Inc will post $1.36 earnings per share for the current fiscal year.
BATS Global Markets, Inc (BATS) is an operator of exchanges and provider of services for financial markets. The Company facilitates securities trading and exchange traded products (ETP) listings for the United States and European equity securities and operates a United States options exchange. BATS serves the foreign exchange (FX) market, operating Hotspot, an institutional spot foreign exchange market.
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