Plus500 (LON:PLUS) Stock Breaks Below 200-Day Moving Average – Here’s Why

Plus500 Ltd. (LON:PLUS – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 4,209.80 and traded as low as GBX 3,368. Plus500 shares last traded at GBX 3,416, with a volume of 116,183 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Peel Hunt reaffirmed a “hold” rating and set a GBX 3,400 target price on shares of Plus500 in a research note on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and set a GBX 5,350 price target on shares of Plus500 in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Plus500 currently has an average rating of “Moderate Buy” and an average target price of GBX 4,166.67.

Check Out Our Latest Report on PLUS

Plus500 Stock Down 5.2%

The company has a current ratio of 281.76, a quick ratio of 3.89 and a debt-to-equity ratio of 3.96. The stock’s 50-day moving average price is GBX 3,681.24 and its 200-day moving average price is GBX 4,203.02. The company has a market cap of £2.31 billion, a P/E ratio of 8.31, a PEG ratio of 0.24 and a beta of 0.33.

Insiders Place Their Bets

In other news, insider Tami Gottlieb purchased 537 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of GBX 3,736 per share, for a total transaction of £20,062.32. Company insiders own 49.62% of the company’s stock.

Plus500 Company Profile

(Get Free Report)

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.

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