Macquarie Group (OTCMKTS:MQBKY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Macquarie Group Limited (OTCMKTS:MQBKY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $161.79 and traded as high as $190.30. Macquarie Group shares last traded at $187.51, with a volume of 5,793 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. UBS Group lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Macquarie Group in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Macquarie Group Trading Down 0.3%

The business’s fifty day moving average price is $175.33 and its 200-day moving average price is $161.79.

About Macquarie Group

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.