Investment Technology Group Stock Gaps Down On Today's Open (ITG)
Shares of Investment Technology Group (NYSE:ITG) were gapping down Wednesday morning with an open price 12.6% lower than Tuesday's closing price. The stock closed at $13.69 yesterday and opened today's trading at $11.97.
NEW YORK ( TheStreet) -- Shares of Investment Technology Group (NYSE: ITG) were gapping down Wednesday morning with an open price 12.6% lower than Tuesday's closing price. The stock closed at $13.69 Tuesday and opened today's trading at $11.97. The average volume for Investment Technology Group has been 378,100 shares per day over the past 30 days. Investment Technology Group has a market cap of $553.6 million and is part of the financial sector and financial services industry. Shares are down 16.4% year to date as of the close of trading on Tuesday. Investment Technology Group, Inc. operates as an agency brokerage and financial technology company in the United States, Canada, Europe, and the Asia Pacific region. Its offerings include portfolio management, pre-trade analytics, trading solutions, and post-trade solutions. The company has a P/E ratio of 22.7, below the average financial services industry P/E ratio of 23.1 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Investment Technology Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Investment Technology Group Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.