Cantor Fitzgerald Issues Pessimistic Forecast for Sui Group (NASDAQ:SUIG) Stock Price

Sui Group (NASDAQ:SUIG) had its target price decreased by equities research analysts at Cantor Fitzgerald from $2.50 to $1.90 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 46.15% from the company’s current price.

Several other analysts have also recently commented on the company. Weiss Ratings began coverage on Sui Group in a report on Wednesday, April 8th. They issued a “sell (d-)” rating on the stock. Zacks Research upgraded shares of Sui Group to a “hold” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sui Group has an average rating of “Hold” and a consensus target price of $1.90.

Sui Group Trading Up 12.1%

Shares of NASDAQ SUIG traded up $0.14 during trading on Wednesday, reaching $1.30. The company had a trading volume of 126,738 shares, compared to its average volume of 502,260. The company has a market cap of $99.84 million, a PE ratio of -7.33 and a beta of 1.18. The company has a fifty day simple moving average of $1.48. Sui Group has a 12 month low of $1.07 and a 12 month high of $8.66.

Sui Group Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies. The firm also advises its portfolio companies with regard to finance and operations. It was formerly known as Poker Magic, Inc Mill City Ventures III, Ltd.