Cowen Group Inc. (COWN) Shares Down 3.2%
Cowen Group Inc. (NASDAQ:COWN)’s share price was down 3.2% on Thursday . The stock traded as low as $3.58 and last traded at $3.63, with a volume of 249,210 shares changing hands. The stock had previously closed at $3.75.
Separately, TheStreet cut Cowen Group from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd.
The firm’s 50-day moving average is $3.22 and its 200-day moving average is $3.37. The firm’s market cap is $385.74 million.
Cowen Group (NASDAQ:COWN) last announced its earnings results on Thursday, July 28th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.12. The firm earned $117.23 million during the quarter, compared to the consensus estimate of $99.25 million. During the same quarter in the previous year, the firm earned $0.05 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that Cowen Group Inc. will post ($0.13) earnings per share for the current year.
Cowen Group, Inc is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, private equity structures, registered investment companies and listed investment vehicles.
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