Plus500 (LON:PLUS) Stock Passes Below 200-Day Moving Average of $1,794.79

Plus500 Ltd. (LON:PLUS – Get Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,794.79 ($21.87) and traded as low as GBX 1,704 ($20.77). Plus500 shares last traded at GBX 1,713 ($20.88), with a volume of 381,297 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price objective on shares of Plus500 from GBX 1,358 ($16.55) to GBX 1,385 ($16.88) and gave the company a “sell” rating in a research report on Monday, February 20th.

Plus500 Stock Down 2.2 %

The firm has a market capitalization of £1.58 billion, a PE ratio of 543.81, a P/E/G ratio of 0.24 and a beta of -0.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.37 and a quick ratio of 3.89. The company has a 50-day moving average price of GBX 1,840.25 and a 200 day moving average price of GBX 1,794.79.

Plus500 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 11th. Investors of record on Thursday, February 23rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a yield of 1.4%. Plus500’s dividend payout ratio is presently 2,253.97%.

About Plus500

(Get Rating)

Plus500 Ltd., a fintech company, operates technology-based trading platforms worldwide. The company operates an online and mobile trading platform within the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on over 2,500 underlying financial instruments internationally.