Plus500 (LON:PLUS) Trading Up 0.8% - Here's What Happened

Plus500 Ltd. (LON:PLUS - Get Free Report) shares shot up 0.8% during mid-day trading on Thursday . The company traded as high as GBX 2,640 ($33.66) and last traded at GBX 2,640 ($33.66). 76,793 shares were traded during trading, a decline of 68% from the average session volume of 237,872 shares. The stock had previously closed at GBX 2,618 ($33.38).

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their price objective on Plus500 from GBX 2,300 ($29.32) to GBX 2,800 ($35.70) and gave the company a "buy" rating in a report on Tuesday, August 20th.

Plus500 Trading Down 0.7 %

The company has a market capitalization of £1.95 billion, a PE ratio of 1,019.31, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20. The company has a 50 day simple moving average of GBX 2,454.98 and a 200 day simple moving average of GBX 2,387.18. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.89 and a current ratio of 2.70.

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.