Virtu Financial (NYSE:VIRT) Shares Gap Up – Time to Buy?

Virtu Financial, Inc. (NYSE:VIRT)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $37.49, but opened at $39.92. Virtu Financial shares last traded at $39.68, with a volume of 478,770 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VIRT shares. Zacks Research upgraded Virtu Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Virtu Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Virtu Financial Stock Up 6.3%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $6.10 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.58. The firm’s 50-day simple moving average is $34.71 and its 200 day simple moving average is $36.94.

Virtu Financial (NYSE:VIRT) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. Virtu Financial had a net margin of 12.09% and a return on equity of 41.04%. The firm had revenue of $467.02 million for the quarter, compared to the consensus estimate of $420.14 million.

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.