Gain Capital (NYSE:GCAP) Stock Rating Lowered by Zacks Investment Research

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Gain Capital (NYSE:GCAP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey. “

Separately, B. Riley set a $7.00 price target on Gain Capital and gave the company a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $5.75.

Shares of NYSE:GCAP opened at $4.06 on Monday. Gain Capital has a 1-year low of $3.75 and a 1-year high of $7.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $4.07 and a 200-day moving average price of $4.45. The company has a market capitalization of $145.98 million, a PE ratio of -4.78, a PEG ratio of 0.98 and a beta of 0.54.

Gain Capital (NYSE:GCAP) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Gain Capital had a negative net margin of 12.32% and a negative return on equity of 11.89%. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $68.11 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. Gain Capital’s revenue was down 30.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Gain Capital will post -0.78 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of GCAP. Janney Montgomery Scott LLC increased its holdings in Gain Capital by 22.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 68,778 shares of the financial services provider’s stock worth $272,000 after buying an additional 12,641 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Gain Capital in the 3rd quarter worth about $25,000. Russell Investments Group Ltd. increased its holdings in Gain Capital by 3,530.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 43,563 shares of the financial services provider’s stock worth $230,000 after buying an additional 42,363 shares in the last quarter. Walleye Trading Advisors LLC bought a new stake in Gain Capital in the 2nd quarter worth about $120,000. Finally, Jane Street Group LLC bought a new stake in Gain Capital in the 2nd quarter worth about $103,000. Hedge funds and other institutional investors own 51.49% of the company’s stock.

About Gain Capital

GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.

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