Somewhat Positive Media Coverage Somewhat Unlikely to Impact Investment Technology Group (ITG) Stock Price

Headlines about Investment Technology Group (NYSE:ITG) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Investment Technology Group earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.0790430756857 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Investment Technology Group (NYSE:ITG) traded up $0.13 during trading hours on Friday, hitting $18.77. 297,900 shares of the company traded hands, compared to its average volume of 183,424. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.01. The stock has a market cap of $626.11, a P/E ratio of 53.23 and a beta of 1.48. Investment Technology Group has a fifty-two week low of $17.75 and a fifty-two week high of $23.96.

Investment Technology Group (NYSE:ITG) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). The firm had revenue of $114.50 million during the quarter, compared to analysts’ expectations of $112.50 million. Investment Technology Group had a negative net margin of 6.57% and a positive return on equity of 2.92%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. sell-side analysts predict that Investment Technology Group will post 0.23 EPS for the current year.

A number of analysts recently weighed in on ITG shares. Zacks Investment Research upgraded shares of Investment Technology Group from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Monday, July 17th. Rosenblatt Securities assumed coverage on shares of Investment Technology Group in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price target for the company. BidaskClub upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Investment Technology Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Investment Technology Group currently has a consensus rating of “Hold” and an average target price of $22.00.

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Investment Technology Group Company Profile

Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.

Insider Buying and Selling by Quarter for Investment Technology Group (NYSE:ITG)

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