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Shares of GFI Group (NASDAQ:GFIG) hit a new 52-week high on Wednesday , StockRatingsNetwork reports. The stock traded as high as $4.49 and last traded at $4.46, with a volume of 7,766,547 shares trading hands. The stock had previously closed at $3.11.

A number of analysts have recently weighed in on GFIG shares. 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.05.

The stock has a 50-day moving average of $3.25 and a 200-day moving average of $3.58. The company’s market cap is $563.7 million.

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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