Plus500 (LON:PLUS) Shares Down 5.2% – Here’s Why

Shares of Plus500 Ltd. (LON:PLUS) dropped 5.2% during trading on Friday. The stock traded as low as GBX 2,940 and last traded at GBX 3,240. Approximately 368,132 shares traded hands during trading, a decline of 72% from the average daily volume of 1,300,904 shares. The stock had previously closed at GBX 3,416.

Analyst Upgrades and Downgrades

PLUS has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,350 price objective on shares of Plus500 in a research note on Monday, August 10th. Peel Hunt reiterated a “hold” rating and issued a GBX 3,400 target price on shares of Plus500 in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Plus500 presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,166.67.

Plus500 Stock Down 5.2%

The company has a debt-to-equity ratio of 3.96, a current ratio of 281.76 and a quick ratio of 3.89. The stock has a market capitalization of £2.31 billion, a PE ratio of 8.31, a PEG ratio of 0.24 and a beta of 0.33. The company has a 50 day moving average price of GBX 3,696.80 and a 200-day moving average price of GBX 4,209.80.

Insider Activity at Plus500

In related news, insider Tami Gottlieb bought 537 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of GBX 3,736 per share, with a total value of £20,062.32. Corporate insiders own 49.62% of the company’s stock.

About Plus500

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.