Cowen Group Inc. (NASDAQ:COWN) fell 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. The stock had previously closed at $3.75.

Separately, TheStreet lowered Cowen Group from a “buy” rating to a “hold” rating in a report on Friday, June 3rd.

The stock’s market capitalization is $387.87 million. The firm has a 50 day moving average price of $3.25 and a 200-day moving average price of $3.38.

Cowen Group (NASDAQ:COWN) last released its earnings results on Thursday, July 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.12. During the same period in the prior year, the company earned $0.05 EPS. The company earned $117.23 million during the quarter, compared to analysts’ expectations of $99.25 million. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts expect that Cowen Group Inc. will post ($0.13) earnings per share for the current fiscal 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.