Futu (NASDAQ:FUTU – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, May 24th. Investors interested in registering for the company’s conference call can do so using this link.
Futu Price Performance
NASDAQ FUTU opened at $38.09 on Monday. The company’s 50 day simple moving average is $45.74 and its 200 day simple moving average is $50.03. Futu has a 12 month low of $28.00 and a 12 month high of $72.20. The company has a market capitalization of $5.73 billion, a P/E ratio of 14.59, a PEG ratio of 6.00 and a beta of 0.79.
Analyst Ratings Changes
FUTU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Futu from an “overweight” rating to a “neutral” rating and cut their price target for the company from $65.00 to $46.00 in a report on Wednesday, May 17th. Morgan Stanley lowered shares of Futu from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $44.00 to $34.00 in a report on Thursday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Futu has a consensus rating of “Hold” and an average price target of $47.59.
Institutional Inflows and Outflows
Futu Holdings Ltd. is an advanced technology company, which engages in providing fully digitalized financial services. It provides investing services through its proprietary digital platforms, Futubull and moomoo that allows investors to trade securities and invest in fund products. The company was founded by Leaf Hua Li in December 2007 and is headquartered in Hong Kong.
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