Futu (NASDAQ:FUTU - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.72 EPS for the quarter, missing analysts' consensus estimates of $13.30 by ($11.58), Zacks reports. Futu had a net margin of 38.59% and a return on equity of 16.86%.
Futu Stock Up 1.3 %
Shares of NASDAQ FUTU opened at $111.73 on Thursday. The company has a 50 day moving average of $100.07 and a 200 day moving average of $90.48. Futu has a twelve month low of $51.80 and a twelve month high of $130.88. The firm has a market cap of $15.40 billion, a P/E ratio of 27.38, a PEG ratio of 0.79 and a beta of 0.78.
Analyst Ratings Changes
A number of research firms recently weighed in on FUTU. Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Citigroup cut Futu from a "buy" rating to a "neutral" rating and increased their target price for the stock from $79.00 to $95.00 in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.40.
View Our Latest Report on FUTU
Futu Company Profile
(
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Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.
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