Gain Capital Holdings Inc (GCAP) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.33. The company posted revenue of $115.60 million in the period, compared to analysts expectations of $116.79 million. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Gain Capital Holdings Inc. Shares were Reiterated by Jefferies on Mar 22, 2016 to “Buy” and Lowered the Price Target to $ 7.50 from a previous price target of $10 .Gain Capital Holdings Inc was Downgraded by Raymond James to ” Mkt Perform” on Mar 16, 2016.
Gain Capital Holdings Inc (GCAP) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.79 and reached the intraday high at $6.89. The bulls started the profit booking and pushed the shares to intraday low of $6.595. The trading session was marked by a volume range of 1,39,959 shares exchanging hands. The 52-week high of the shares is $10.38 and the 52-week low is $5.75. The market cap of the company stands at $333 M and there are 4,85,61,528 shares in public circulation.
In a different news, on Apr 22, 2016, Samantha Roady (Chief Commercial Officer) sold 20,000 shares at $7.00 per share price. According to the SEC, on Mar 24, 2016, Jeffrey Scott (Chief Operating Officer) sold 3,078 shares at $6.28 per share price. On Mar 24, 2016, Diego Rotsztain (General Counsel and Secretary) sold 3,436 shares at $6.28 per share price, according to the Form-4 filing with the securities and exchange commission.
GAIN Capital Holdings Inc. (GAIN Capital) is a global provider of trading services and solutions specializing in over-the-counter (OTC) and exchange-traded markets. The Company operates in two businesses: Retail Business which provides access to a range of global financial markets and Institutional Business which provides agency execution services and offers access to markets and self-directed trading in foreign exchange commodities equities options and futures through an electronic communications network (ECN) through its GTX platform. It serves retail and institutional customers in over 180 countries around the world and conducts business from its offices in New York New York; Bedminster New Jersey; Jersey City New Jersey; Chicago Illinois; Powell Ohio; Grand Rapids Michigan; London the United Kingdom; Cornwall the United Kingdom; Tokyo Japan; Sydney Australia; Beijing China; Hong Kong and Singapore. It also provides City Index a CFD and spread bet brand.