GFI Group Sets New 1-Year Low at $3.13 (GFIG)
GFI Group (NASDAQ:GFIG) shares hit a new 52-week low during mid-day trading on Thursday , American Banking News reports. The company traded as low as $3.13 and last traded at $3.19, with a volume of 54,868 shares changing hands. The stock had previously closed at $3.21.
Several analysts have recently commented on the stock. Analysts at Barclays downgraded shares of GFI Group to a “market perform” rating in a research note on Thursday, May 1st. Separately, analysts at FIG Partners downgraded shares of GFI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 1st. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of GFI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.05.
The stock’s 50-day moving average is $3.36 and its 200-day moving average is $3.66. The company’s market cap is $401.0 million.
GFI Group (NASDAQ:GFIG) last announced its earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $240.70 million for the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that GFI Group will post $0.12 earnings per share for the current fiscal year.
GFI Group Inc (NASDAQ:GFIG) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets.
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