Momentum Stock Watch: Virtu Financial, Inc. (VIRT)

Company Profile:

Virtu Financial, Inc. is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions. It has a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools in various countries around the world. It makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities. It makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors. The company was founded in 2008 and is headquartered in New York, New York.

Recent News:

For the first quarter ended March 31, 2016, the company reported net income of $51.4 million; adjusted net income of $58.9 million. GAAP Basic EPS of $0.27; diluted EPS of $0.26; normalized adjusted EPS* of $0.31

The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on June 15, 2016 to shareholders of record as of June 1, 2016.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

VIRT’s strengths can be seen in its strong profitability and robust efficiency. Its revenue has increased over last year. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and RSI is in bull territory, which stands at 45.10 with positive bias. We rate Virtu Financial, Inc. (VIRT) a STRONG BUY.