Bats Global Markets Inc (BATS) Sees Unusually-High Trading Volume
Bats Global Markets Inc (NASDAQ:BATS) saw unusually-strong trading volume on Friday . Approximately 247,245 shares changed hands 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.
A number of equities analysts have recently commented on BATS shares. Zacks Investment Research raised shares of Bats Global Markets from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, July 12th. Barclays PLC raised their target price on shares of 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. reaffirmed 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, Royal Bank Of Canada started coverage on shares of Bats Global Markets in a research report on Tuesday, June 21st. They set an “underperform” rating and a $23.00 target price on the stock.
The stock’s 50-day moving average is $25.56 and its 200 day moving average is $25.50.
Bats Global Markets (NASDAQ:BATS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Equities research analysts forecast that Bats Global Markets Inc will post $1.38 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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