ITG (NASDAQ:ITG) Raised to “Buy” at Wall Street Zen

ITG (NASDAQ:ITG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms have also issued reports on ITG. Truist Financial raised their price target on ITG from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Bank of America initiated coverage on ITG in a research note on Monday, July 27th. They set a “buy” rating and a $16.00 price objective for the company. Vertical Research assumed coverage on shares of ITG in a report on Monday, July 27th. They issued a “buy” rating and a $20.00 target price on the stock. Morgan Stanley decreased their target price on shares of ITG from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Weiss Ratings began coverage on shares of ITG in a report on Friday, September 25th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ITG currently has a consensus rating of “Moderate Buy” and an average target price of $17.56.

ITG Price Performance

ITG stock opened at $6.88 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 23.48. The stock has a fifty day simple moving average of $12.05. ITG has a twelve month low of $6.55 and a twelve month high of $19.26.

ITG (NASDAQ:ITG) last announced its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $333.92 million during the quarter. As a group, research analysts anticipate that ITG will post 0.54 EPS for the current year.

About ITG

Investment Technology Group, Inc (NASDAQ: ITG) was a financial technology and brokerage company that provided electronic trading, transaction research and investment technology services to institutional investors. Its offerings were designed to help asset managers, hedge funds and other professional investors execute trades, analyze market activity and manage trading costs.

ITG operated trading platforms and alternative trading systems, including POSIT, an electronic crossing network that matched buy and sell orders.