Investment Technology Group Inc. Hits New 52-Week High at $17.89 (ITG)
Investment Technology Group (NYSE:ITG) set a new 52-week high during trading hours on Tuesday, American Banking & Market News reports. The company traded as high as $17.89 and last traded at $17.58, with a volume of 198,763 shares. The stock had previously closed at $17.55.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Investment Technology Group (NYSE:ITG) from $16.00 to $18.00 in a research note to investors on Tuesday, July 16th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Investment Technology Group (NYSE:ITG) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $16.30 price target on the stock.
In other Investment Technology Group news, Insider Peter A. Goldstein sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Investment Technology Group has a 1-year low of $7.75 and a 1-year high of $17.89. The stock has a 50-day moving average of $16. and a 200-day moving average of $13.5. The company has a market cap of $643.5 million and a P/E ratio of 88.19.
Investment Technology Group (NYSE:ITG) last announced its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.07. The company had revenue of $139.30 million for the quarter, compared to the consensus estimate of $131.50 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Investment Technology Group will post $0.85 EPS for the current fiscal year.
Investment Technology Group, Inc (NYSE:ITG) is an independent execution and research broker that partners with global portfolio managers and traders to provide data-driven insights throughout the investment process.
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