Interactive Brokers Group (IEX:IBKR) Share Price Crosses Above 50-Day Moving Average After Earnings Miss
Interactive Brokers Group, Inc. (IEX:IBKR) shares passed above its 50-day moving average during trading on Tuesday following a stronger than expected earnings report. The stock has a 50-day moving average of $53.38 and traded as high as $52.04. Interactive Brokers Group shares last traded at $51.02, with a volume of 174,126 shares changing hands.
The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). The business had revenue of $413.00 million for the quarter, compared to the consensus estimate of $509.00 million.
Several equities research analysts recently weighed in on IBKR shares. Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $57.75.
The company’s 50 day moving average is $53.26.
Interactive Brokers Group Company Profile (IEX:IBKR)
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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