Virtu Financial saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Virtu Financial is currently forming a flat base, with a 44.58 buy point. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock has an 83 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 83% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 71% earnings-per-share growth. Sales growth came in at 30%, down from 56% in the previous quarter.
Virtu Financial earns the No. 4 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR is the No. 1-ranked stock within the group.
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