Plutus Financial Group (NASDAQ:PLUT) Stock Jumps 5.8% – Should You Buy?

Plutus Financial Group Limited (NASDAQ:PLUT)’s stock price shot up 5.8% during trading on Monday. The company traded as high as $1.47 and last traded at $1.46. Approximately 25,890 shares were traded during trading, a decline of 50% from the average daily volume of 51,424 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Plutus Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Plutus Financial Group presently has a consensus rating of “Sell”.

Plutus Financial Group Stock Down 10.4%

The business’s 50 day moving average is $2.22 and its 200-day moving average is $2.81.

About Plutus Financial Group

Plutus Financial Group Limited is a financial services holding company that operates through subsidiaries serving clients in Hong Kong. Its business activities are centered on securities-related services and investment advisory capabilities.

The company’s offerings include securities brokerage, asset management, investment advisory services and corporate finance advisory. These services are designed to support individual and institutional clients with trading, portfolio management, investment planning and corporate funding-related needs.

Plutus Financial Group is headquartered in Hong Kong and focuses primarily on the Hong Kong financial market.