Plus500 (LON:PLUS) Stock Price Passes Below 200 Day Moving Average of $1,785.68

Plus500 Ltd. (LON:PLUS – Get Rating)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,785.68 ($22.53) and traded as low as GBX 1,519 ($19.17). Plus500 shares last traded at GBX 1,519 ($19.17), with a volume of 133,525 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on shares of Plus500 from GBX 1,358 ($17.14) to GBX 1,385 ($17.48) and gave the company a “sell” rating in a research note on Monday, February 20th.

Plus500 Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.89 and a current ratio of 4.34. The company has a 50-day moving average of GBX 1,684.08 and a 200-day moving average of GBX 1,785.68. The firm has a market capitalization of £1.38 billion, a price-to-earnings ratio of 506.33, a price-to-earnings-growth ratio of 0.24 and a beta of -0.08.

Plus500 Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Thursday, February 23rd will be issued a dividend of $0.32 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Thursday, February 23rd. Plus500’s dividend payout ratio is currently 2,366.67%.

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.