VIRTU FINANCIAL INC (NASDAQ: VIRT) has reported earnings for its first fiscal quarter (ending March 31) of $0.59 versus $0.56 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.43 compared to $1.99 a year ago.
Recent Price Action
VIRTU FINANCIAL INC (NASDAQ: VIRT) stock enjoyed a large increase of 3.1% on 4/24/24. The stock closed at $21.84. Moreover, this advance was accompanied by exceptionally high trading volume at 250% of normal. The stock has risen 6.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
VIRT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
VIRTU FINANCIAL INC has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. VIRTU FINANCIAL INC has a neutral Power Rating of 58 but a good Appreciation Score of 84, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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