GAIN Capital Holdings, Inc
) crafted a new 52-week high, touching $7.85 on Aug 12, 2013. The
closing price of this financial holding company represents a
solid year-to-date return of 83.5%. The trading volume for the
session was 309,604 shares, substantially higher than the average
of 167,191 shares over the last 3 months.
Despite hitting its 52-week high, this Zacks Rank #1 (Strong Buy)
stock has plenty of upside left, given its strong estimate
revisions over the last 30 days.
The impressive second-quarter 2013 results and signing of a
definitive agreement in the reported quarter to acquire Global
Futures & Forex, LTD (GFT) - a global provider of retail
forex and derivatives trading were the primary growth drivers.
On Aug 7, GAIN Capital reported second-quarter earnings of 44
cents per share, substantially surpassing the Zacks Consensus
Estimate of 26 cents. It also surpassed the prior-quarter
earnings of 11 cents. Results were driven by top-line growth,
partially offset by higher operating expenses.
Moreover, in Apr 2013, GAIN Capital announced the acquisition of
Global Futures and Forex for $107.8 million. The deal is expected
to be completed in the third quarter of 2013, subject to
regulatory approvals and customary closing conditions.
Estimate Revisions Show Strength
Over the last 30 days, the Zacks Consensus Estimate has been
revised upward by 74.5% to 82 cents per share. For 2014, the
Zacks Consensus Estimate advanced 50.9% to 80 cents per share
over the same time frame.
Some stocks that are also worth considering in the same industry
TD Ameritrade Holding Corporation
) with a Zacks Rank #1 (Strong Buy) and
BGC Partners, Inc
E*TRADE Financial Corporation
) with a Zacks Rank #2 (Buy).
TD AMERITRADE (AMTD): Free Stock Analysis
BGC PARTNRS INC (BGCP): Free Stock Analysis
E TRADE FINL CP (ETFC): Free Stock Analysis
GAIN CAP HLDGS (GCAP): Free Stock Analysis
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