Plutus Financial Group (NASDAQ:PLUT) Stock Price Down 1.6% – Here’s Why

Shares of Plutus Financial Group Limited (NASDAQ:PLUT) traded down 1.6% during trading on Wednesday . The stock traded as low as $3.01 and last traded at $3.10. 2,762 shares changed hands during trading, a decline of 74% from the average session volume of 10,649 shares. The stock had previously closed at $3.15.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Plutus Financial Group Stock Performance

The company has a fifty day moving average of $3.03 and a two-hundred day moving average of $3.18.

Plutus Financial Group (NASDAQ:PLUT) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.38 million during the quarter.

Plutus Financial Group Company Profile

Plutus Financial Group, Inc is a diversified holding company focused on mortgage finance and credit services in the United States. Through its primary subsidiary, Plutus Financial, Inc, the company originates, underwrites and services residential and commercial mortgage loans. Since its incorporation in the early 1980s and subsequent listing on the NASDAQ, Plutus Financial Group has built its reputation on providing tailored financing solutions to homebuyers, real estate investors and developers.

The company’s product offerings include conventional mortgage loans, FHA and VA‐insured programs, jumbo and non‐conforming loans, construction financing and home equity lines of credit.