Media headlines about Investment Technology Group (NYSE:ITG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investment Technology Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.177991323876 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Investment Technology Group (NYSE:ITG) traded down $0.04 on Tuesday, hitting $20.59. 10,170 shares of the company were exchanged, compared to its average volume of 264,122. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.53 and a current ratio of 1.53. Investment Technology Group has a 1-year low of $17.63 and a 1-year high of $23.96. The company has a market cap of $688.08, a PE ratio of -17.25 and a beta of 1.37.
Investment Technology Group (NYSE:ITG) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. The firm had revenue of $126.70 million during the quarter, compared to analysts’ expectations of $125.70 million. Investment Technology Group had a positive return on equity of 2.66% and a negative net margin of 8.15%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. research analysts predict that Investment Technology Group will post 1.01 earnings per share for the current year.
Investment Technology Group declared that its board has initiated a share buyback program on Thursday, February 15th that permits the company to buyback 4,000,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
A number of analysts recently commented on the stock. Citigroup upgraded shares of Investment Technology Group to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Investment Technology Group from a “sell” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, January 25th. Finally, Rosenblatt Securities upgraded shares of Investment Technology Group from a “neutral” rating to a “buy” rating in a research report on Friday, March 2nd. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Investment Technology Group presently has an average rating of “Hold” and an average target price of $22.50.
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Investment Technology Group Company Profile
Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.
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