flatexDEGIRO (OTCMKTS:FNNTF) Trading 7.8% Higher – Here’s Why

Shares of flatexDEGIRO AG (OTCMKTS:FNNTF) shot up 7.8% during mid-day trading on Friday . The stock traded as high as $41.95 and last traded at $41.95. Approximately 100 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 33,471 shares. The stock had previously closed at $38.90.

Analysts Set New Price Targets

FNNTF has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of flatexDEGIRO in a research report on Tuesday, April 14th. Barclays started coverage on flatexDEGIRO in a research note on Friday, June 12th. They issued an “overweight” rating on the stock. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

flatexDEGIRO Trading Up 7.8%

The business has a fifty day simple moving average of $37.89 and a 200-day simple moving average of $38.81.

About flatexDEGIRO

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.