Plus500 (LON:PLUS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Plus500 Ltd. (LON:PLUS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,354.24 ($29.67) and traded as low as GBX 2,320 ($29.24). Plus500 shares last traded at GBX 2,352 ($29.64), with a volume of 210,280 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their target price on Plus500 from GBX 2,300 ($28.99) to GBX 2,800 ($35.29) and gave the stock a “buy” rating in a report on Tuesday, August 20th.

Plus500 Price Performance

The company has a market cap of £1.80 billion, a P/E ratio of 928.96, a PEG ratio of 0.24 and a beta of 0.20. The company has a fifty day moving average price of GBX 2,455.22 and a two-hundred day moving average price of 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 business also recently disclosed a dividend, which was paid on Monday, November 11th. Stockholders of record on Thursday, August 29th were issued a $1.00 dividend. This is a boost from Plus500’s previous dividend of $0.95. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 3.18%. Plus500’s dividend payout ratio (DPR) is presently 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.