Bats Global Markets Inc (BATS) Sees Strong Trading Volume
Bats Global Markets Inc (NASDAQ:BATS) saw unusually-high trading volume on Friday . Approximately 247,245 shares were traded during trading, an increase of 41% from the previous session’s volume of 175,351 shares.The stock last traded at $24.25 and had previously closed at $24.58.
BATS has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Bats Global Markets in a research note on Tuesday, June 21st. They set an “underperform” rating and a $23.00 price objective for the company. Barclays PLC lifted their target price on Bats Global Markets from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $25.00 target price on shares of Bats Global Markets in a research report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Bats Global Markets from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Tuesday, June 21st.
The firm has a 50 day moving average of $25.53 and a 200-day moving average of $25.49.
Bats Global Markets (NASDAQ:BATS) last announced its earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. On average, equities research analysts forecast that Bats Global Markets Inc will post $1.38 EPS for the current 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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