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Research analysts at Keefe, Bruyette & Woods reduced their price objective on shares of Gain Capital Holdings (NASDAQ:GCAP) from $12.00 to $8.00 in a report released on Tuesday. Keefe, Bruyette & Woods’ target price points to a potential upside of 20.30% from the stock’s previous close.

Shares of Gain Capital Holdings (NASDAQ:GCAP) traded down 7.97% on Tuesday, hitting $6.12. 564,208 shares of the company’s stock traded hands. Gain Capital Holdings has a 52-week low of $6.14 and a 52-week high of $14.62. The stock’s 50-day moving average is $6.9 and its 200-day moving average is $8.84. The company has a market cap of $245.7 million and a price-to-earnings ratio of 9.42.

Gain Capital Holdings (NASDAQ:GCAP) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.20. The company had revenue of $69.70 million for the quarter, compared to the consensus estimate of $66.52 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that Gain Capital Holdings will post $0.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.01%.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Gain Capital Holdings from $9.00 to $7.50 in a research note on Tuesday. Two analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $7.63.

GAIN Capital Holdings Inc (NASDAQ:GCAP) is an independent provider of online forex trading.

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