Gain Capital Holdings Sets New 1-Year Low After Earnings Miss (GCAP)
Gain Capital Holdings (NASDAQ:GCAP) shares hit a new 52-week low during trading on Tuesday following a dissappointing earnings announcement, American Banking and Market News reports. The stock traded as low as $5.95 and last traded at $6.09, with a volume of 755,024 shares. The stock had previously closed at $6.65.
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.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.01%.
A number of analysts have recently weighed in on GCAP shares. Analysts at Sandler O’Neill raised their price target on shares of Gain Capital Holdings from $0.50 to $7.00 in a research note on Tuesday. Separately, analysts at Raymond James cut their price target on shares of Gain Capital Holdings from $11.00 to $8.00 in a research note on Tuesday. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Gain Capital Holdings from $12.00 to $8.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a buy rating, Gain Capital Holdings presently has an average rating of “Buy” and an average price target of $7.63.
The stock has a 50-day moving average of $6.9 and a 200-day moving average of $8.84. The company has a market cap of $245.3 million and a price-to-earnings ratio of 9.42.
GAIN Capital Holdings Inc (NASDAQ:GCAP) is an independent provider of online forex trading.
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