Macquarie Group (OTCMKTS:MQBKY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Macquarie Group Limited (OTCMKTS:MQBKY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $140.77 and traded as high as $152.40. Macquarie Group shares last traded at $148.10, with a volume of 13,616 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on MQBKY. Zacks Research raised shares of Macquarie Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. UBS Group upgraded shares of Macquarie Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group raised shares of Macquarie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Macquarie Group Stock Up 0.7%

The stock has a fifty day moving average price of $138.82 and a 200 day moving average price of $140.72.

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.