Plus500 (LON:PLUS) Shares Cross Below 200 Day Moving Average - Time to Sell?

Plus500 Ltd. (LON:PLUS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,354.24 ($30.30) and traded as low as GBX 2,320 ($29.85). Plus500 shares last traded at GBX 2,352 ($30.27), with a volume of 210,280 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their price target on shares of Plus500 from GBX 2,300 ($29.60) to GBX 2,800 ($36.03) and gave the stock a "buy" rating in a report on Tuesday, August 20th.

Plus500 Stock Up 1.2 %

The firm has a market cap of £1.77 billion, a P/E ratio of 918.92, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20. The stock's 50 day simple moving average is GBX 2,455.22 and its 200 day simple moving average is GBX 2,354.42. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.89 and a current ratio of 2.70.

Plus500 Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, November 11th. Shareholders of record on Thursday, August 29th were paid a dividend of $1.00 per share. This represents a yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Plus500's previous dividend of $0.95. Plus500's payout ratio is 2,548.26%.

About Plus500

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.