Zacks Investment Research downgraded KCG Holdings, Inc. Class A (NYSE:KCG) to Sell in a report released today.
- Updated: September 26, 2016
Just yesterday KCG Holdings, Inc. Class A (NYSE:KCG) traded -0.90% lower at $15.46. KCG Holdings, Inc. Class A’s 50-day moving average is $14.57 and its 200-day moving average is $13.63. The last stock close price is up 13.47% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 600,206 shares of the stock traded hands, up from an average trading volume of 417,572
Zacks Investment Research has downgraded KCG Holdings, Inc. Class A (NYSE:KCG) to Sell in a statement released on 9/26/2016.
KCG Holdings, Inc. Class A has 52 week low of $10.03 and a 52 week high of $15.70 with a P/E ratio of 15.63 and has a market cap of $0.
A total of 4 brokers have issued a report on the company. 1 analyst rating the company a strong buy, two equity analysts rating the company a buy, two firms rating the stock a hold, 0 brokers rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $3.26.
Brief Synopsis On KCG Holdings, Inc. Class A (NYSE:KCG)
KCG Holdings, Inc., an independent securities firm, provides various services designed to address trading needs across asset classes, product types, and time zones. The company operates through three segments: Market Making, Global Execution Services, and Corporate and Other. The Market Marking segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. This segment commits capital on a principal basis by offering to buy securities from, or sell securities to, broker dealers, banks, and institutions. Its principal trading comprise direct-to-client and non-client exchange-based electronic market making, including trade executions conducted as an equities designated market maker on the New York Stock Exchange and NYSE Amex Equities. This segment also participates on various equity and futures exchanges; trades in various domestic electronic options exchanges; and handles specialized orders and transacts on the OTC Bulletin Board and the Alternative Investment Market of the London Stock Exchange. The Global Execution Services segment provides agency execution services and trading venues for trading in equities, futures, options, foreign exchange, and fixed income to institutions and broker dealers. This segment offers agency-based execution-only trading services through various access points, such as algorithmic trading and order routing in various equities; institutional sales traders executing program, block and riskless principal trades in global equities, and exchange traded funds; institutional spot foreign exchange electronic communication network (ECN); fixed income ECN that offers trading applications; and an alternative trading system for global equities. The Corporate and Other segment invests principally in strategic financial services-oriented opportunities. KCG Holdings, Inc. is headquartered in Jersey City, New Jersey.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.