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Gain Capital Holdings (NASDAQ:GCAP) shares dropped 2.7% on Wednesday after Zacks downgraded the stock from a neutral rating to an underperform rating, Stock Ratings Network reports. Zacks now has a $6.30 price target on the stock. Gain Capital Holdings traded as low as $6.12 and last traded at $6.14, with a volume of 120,274 shares traded. The stock had previously closed at $6.31.

GCAP has been the subject of a number of other recent research reports. 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. They now have an “outperform” rating on the stock. 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. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Gain Capital Holdings has an average rating of “Buy” and an average target price of $7.36.

The stock’s 50-day moving average is $6.89 and its 200-day moving average is $8.82. The company has a market cap of $243.6 million and a P/E ratio of 8.94.

Gain Capital Holdings (NASDAQ:GCAP) last issued its quarterly earnings data 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 3.17%.

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

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