Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $172.67 and traded as low as $164.99. Macquarie Group shares last traded at $173.12, with a volume of 11,971 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.
View Our Latest Stock Report on Macquarie Group
Macquarie Group Trading Down 0.3%
The company’s 50-day simple moving average is $176.26 and its two-hundred day simple moving average is $172.67.
About Macquarie Group
Macquarie Group Limited is a diversified financial services company headquartered in Sydney, Australia. Founded in 1969, the group provides investment, advisory, banking and asset management services to corporations, institutions, governments and individual clients worldwide.
Macquarie operates through four principal business areas: Macquarie Asset Management, which manages investments across public and private markets; Banking and Financial Services, which provides deposits, lending, wealth management and financial advice; Commodities and Global Markets, which offers trading, financing, risk management and market access across commodities and financial markets; and Macquarie Capital, which provides corporate advisory, equity and debt solutions, and investment services.
The company invests in and advises on infrastructure, renewable energy, real estate, technology and other sectors through its global operations.
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