flatexDEGIRO (OTCMKTS:FNNTF) Trading 7.8% Higher – Here’s Why

flatexDEGIRO AG (OTCMKTS:FNNTF) rose 7.8% on Friday . The stock traded as high as $41.95 and last traded at $41.95. Approximately 100 shares were traded during trading, a decline of 100% from the average session volume of 33,471 shares. The stock had previously closed at $38.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FNNTF shares. Barclays started coverage on shares of flatexDEGIRO in a research report on Friday, June 12th. They set an “overweight” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of flatexDEGIRO in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

flatexDEGIRO Stock Performance

The stock’s 50 day simple moving average is $37.89 and its 200 day simple moving average is $38.81.

About flatexDEGIRO

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.