Virtu Financial (NYSE:VIRT) Rating Increased to Strong-Buy at Zacks Research

Virtu Financial (NYSE:VIRT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Virtu Financial in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Virtu Financial Stock Performance

Virtu Financial stock opened at $33.36 on Tuesday. Virtu Financial has a fifty-two week low of $31.89 and a fifty-two week high of $45.77. The firm’s 50 day moving average price is $34.51. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $5.10 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.60 and a beta of 0.59.

Virtu Financial (NYSE:VIRT) last announced its earnings results on Wednesday, October 29th. The company reported $0.81 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.81. Virtu Financial had a return on equity of 41.04% and a net margin of 12.09%.The firm had revenue of $467.02 million during the quarter, compared to analyst estimates of $420.14 million.

Virtu Financial Company Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.