Virtu Financial (NYSE:VIRT) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Virtu Financial (NYSE:VIRT) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Virtu Financial in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Virtu Financial Trading Down 1.3%

VIRT opened at $37.81 on Tuesday. Virtu Financial has a 12-month low of $31.55 and a 12-month high of $45.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.14 and a quick ratio of 0.47. The stock has a market capitalization of $5.78 billion, a PE ratio of 7.37, a P/E/G ratio of 1.34 and a beta of 0.61. The firm’s fifty day moving average price is $35.23 and its 200 day moving average price is $36.77.

Virtu Financial Company Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.