Macquarie Group (OTCMKTS:MQBKY) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Macquarie Group Limited (OTCMKTS:MQBKY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $141.08 and traded as low as $135.1150. Macquarie Group shares last traded at $135.4490, with a volume of 8,151 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Macquarie Group to a “strong sell” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Macquarie Group presently has an average rating of “Reduce”.

Macquarie Group Stock Down 1.0%

The business has a fifty day simple moving average of $134.32 and a two-hundred day simple moving average of $141.08.

About Macquarie Group

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.