Plutus Financial Group (NASDAQ:PLUT) Shares Down 7.7% – Should You Sell?

Plutus Financial Group Limited (NASDAQ:PLUT) traded down 7.7% during mid-day trading on Wednesday . The stock traded as low as $2.50 and last traded at $2.76. 920 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 989 shares. The stock had previously closed at $2.99.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Plutus Financial Group Trading Down 7.7%

The company’s 50-day moving average is $2.97 and its two-hundred day moving average is $3.05.

Plutus Financial Group (NASDAQ:PLUT) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.38 million during the quarter.

About Plutus Financial Group

Plutus Financial Group, Inc is a diversified holding company focused on mortgage finance and credit services in the United States. Through its primary subsidiary, Plutus Financial, Inc, the company originates, underwrites and services residential and commercial mortgage loans. Since its incorporation in the early 1980s and subsequent listing on the NASDAQ, Plutus Financial Group has built its reputation on providing tailored financing solutions to homebuyers, real estate investors and developers.

The company’s product offerings include conventional mortgage loans, FHA and VA‐insured programs, jumbo and non‐conforming loans, construction financing and home equity lines of credit.