Macquarie Group (OTCMKTS:MQBKY) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Macquarie Group Limited (OTCMKTS:MQBKY)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $140.62 and traded as low as $140.40. Macquarie Group shares last traded at $142.42, with a volume of 19,509 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Macquarie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Macquarie Group presently has a consensus rating of “Hold”.

Macquarie Group Stock Up 1.8%

The stock’s fifty day simple moving average is $133.75 and its two-hundred day simple moving average is $140.62.

Macquarie Group Company Profile

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.