Virtu Financial (NYSE:VIRT) Trading 3.2% Higher – Here’s Why

Virtu Financial, Inc. (NYSE:VIRT) shares rose 3.2% during trading on Monday . The stock traded as high as $43.00 and last traded at $42.73. Approximately 1,134,977 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 1,166,466 shares. The stock had previously closed at $41.41.

Analyst Upgrades and Downgrades

VIRT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research lowered shares of Virtu Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Virtu Financial presently has a consensus rating of “Moderate Buy”.

Virtu Financial Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $37.35 and a two-hundred day moving average price of $36.31. The firm has a market cap of $6.35 billion, a PE ratio of 8.00, a P/E/G ratio of 1.45 and a beta of 0.61.

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.