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Equities researchers at Raymond James lowered their price objective on shares of Gain Capital Holdings (NASDAQ:GCAP) from $11.00 to $8.00 in a research report issued on Tuesday. Raymond James’ target price suggests a potential upside of 20.30% from the company’s current price.

Gain Capital Holdings (NASDAQ:GCAP) traded down 7.97% during mid-day trading on Tuesday, hitting $6.12. 564,208 shares of the company’s stock traded hands. Gain Capital Holdings has a 1-year low of $6.14 and a 1-year 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. Investors 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%.

GCAP has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Gain Capital Holdings in a research note on Tuesday, July 22nd. They now have a $9.00 price target on the stock, down previously from $9.50. Two research analysts have rated the stock with a buy rating, Gain Capital Holdings has a consensus rating of “Buy” and a consensus target price of $7.63.

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

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