Plus500 (LON:PLUS) Shares Cross Below 50-Day Moving Average of $721.84

Shares of Plus500 Ltd (LON:PLUS) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $721.84 and traded as low as $765.40. Plus500 shares last traded at $772.60, with a volume of 364,001 shares trading hands.

A number of research analysts have recently weighed in on PLUS shares. Berenberg Bank lifted their price objective on Plus500 from GBX 770 ($10.06) to GBX 800 ($10.45) and gave the company a “hold” rating in a research report on Thursday, August 22nd. Peel Hunt reaffirmed a “reduce” rating on shares of Plus500 in a research report on Friday, August 23rd. Peel Hunt lifted their price objective on Plus500 from GBX 526 ($6.87) to GBX 600 ($7.84) and gave the company a “reduce” rating in a research report on Tuesday, August 13th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Plus500 in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 709.20 ($9.27).

The company has a debt-to-equity ratio of 2.34, a quick ratio of 3.62 and a current ratio of 3.62. The stock has a market capitalization of $861.29 million and a PE ratio of 5.20. The stock has a 50-day moving average price of GBX 721.84 and a two-hundred day moving average price of GBX 647.62.

The business also recently disclosed a dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 3.46%. Plus500’s payout ratio is currently 0.48%.

In related news, insider Asaf Elimelech acquired 30,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of GBX 684 ($8.94) per share, with a total value of £205,200 ($268,130.15).

Plus500 Company Profile (LON:PLUS)

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,200 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages.

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