Plus500 (LON:PLUS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Plus500 Ltd. (LON:PLUS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,354.24 ($29.67) and traded as low as GBX 2,320 ($29.24). Plus500 shares last traded at GBX 2,352 ($29.64), with a volume of 210,280 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their price objective on Plus500 from GBX 2,300 ($28.99) to GBX 2,800 ($35.29) and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

Plus500 Stock Up 1.7 %

The company has a debt-to-equity ratio of 2.38, a current ratio of 2.70 and a quick ratio of 3.89. The stock has a market capitalization of £1.80 billion, a P/E ratio of 928.96, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20. The firm has a 50 day moving average of GBX 2,455.22 and a 200-day moving average of GBX 2,354.42.

Plus500 Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, November 11th. Stockholders of record on Thursday, August 29th were issued a $1.00 dividend. This is an increase from Plus500’s previous dividend of $0.95. This represents a dividend yield of 3.18%. The ex-dividend date was Thursday, August 29th. Plus500’s payout ratio is presently 2,548.26%.

Plus500 Company Profile

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.