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Plus500 (LON:PLUS) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Plus500 logo with Financial Services background

Plus500 Ltd. (LON:PLUS - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 2,481.83 ($31.19) and traded as high as GBX 2,610 ($32.80). Plus500 shares last traded at GBX 2,599.67 ($32.67), with a volume of 597,464 shares.

Plus500 Stock Down 0.7 %

The company has a market capitalization of £1.93 billion, a price-to-earnings ratio of 1,000.77, a P/E/G ratio of 0.24 and a beta of 0.20. The business has a fifty day simple moving average of GBX 2,481.83 and a two-hundred day simple moving average of GBX 2,413.87. The company has a quick ratio of 3.89, a current ratio of 2.70 and a debt-to-equity ratio of 2.38.

About Plus500

(Get Free Report)

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.

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