ITG (NASDAQ:ITG) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of ITG (NASDAQ:ITG – Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Several other brokerages have also commented on ITG. Citigroup started coverage on shares of ITG in a research report on Monday, July 27th. They set a “buy” rating and a $17.00 price target for the company. UBS Group initiated coverage on shares of ITG in a research note on Monday, July 27th. They set a “buy” rating and a $18.00 price target on the stock. KeyCorp initiated coverage on shares of ITG in a report on Monday, July 27th. They issued an “overweight” rating and a $17.00 price target on the stock. Stifel Nicolaus started coverage on shares of ITG in a research note on Monday, July 27th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Weiss Ratings started coverage on ITG in a report on Friday, September 25th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.22.

View Our Latest Report on ITG

ITG Stock Performance

ITG opened at $7.50 on Friday. ITG has a 12 month low of $6.55 and a 12 month high of $19.26. The company has a 50-day simple moving average of $11.32. The company has a debt-to-equity ratio of 23.48, a current ratio of 2.80 and a quick ratio of 2.80.

ITG (NASDAQ:ITG – Get Free Report) last announced its quarterly earnings data on Monday, June 22nd. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $333.92 million for the quarter. Research analysts predict that ITG will post 0.54 EPS for the current fiscal year.

ITG Company Profile

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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.

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Analyst Recommendations for ITG (NASDAQ:ITG)

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