Barclays (NYSE:BCS) Shares Gap Down – Should You Sell?

Barclays PLC (NYSE:BCS) gapped down prior to trading on Friday . The stock had previously closed at $13.32, but opened at $12.88. Barclays shares last traded at $12.98, with a volume of 1,679,828 shares changing hands.

Wall Street Analyst Weigh In

BCS has been the subject of several recent research reports. The Goldman Sachs Group began coverage on shares of Barclays in a report on Tuesday, October 8th. They set a “buy” rating for the company. Kepler Capital Markets initiated coverage on Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Barclays Price Performance

The business has a fifty day moving average of $12.57 and a 200 day moving average of $11.76. The firm has a market cap of $46.97 billion, a P/E ratio of 8.82 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same period in the previous year, the business earned $0.42 earnings per share. On average, sell-side analysts anticipate that Barclays PLC will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On Barclays

Institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in shares of Barclays during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,524 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Barclays during the third quarter worth approximately $42,000. EntryPoint Capital LLC acquired a new position in shares of Barclays in the first quarter valued at approximately $48,000. Finally, Hexagon Capital Partners LLC increased its stake in shares of Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.