Virtu Financial (NYSE:VIRT) Shares Down 5.6% – Time to Sell?

Virtu Financial, Inc. (NYSE:VIRT) dropped 5.6% during trading on Tuesday . The stock traded as low as $31.55 and last traded at $31.83. Approximately 243,193 shares were traded during trading, a decline of 74% from the average daily volume of 930,023 shares. The stock had previously closed at $33.72.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VIRT shares. Zacks Research raised Virtu Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Virtu Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Virtu Financial currently has a consensus rating of “Buy”.

Virtu Financial Stock Down 2.6%

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50-day moving average price is $34.49. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 0.67 and a beta of 0.58.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.81 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.81. Virtu Financial had a return on equity of 41.04% and a net margin of 12.09%.The business had revenue of $467.02 million for the quarter, compared to analyst estimates 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.