|Bid||1,518.50 x 0|
|Ask||1,519.00 x 0|
|Day's range||1,495.50 - 1,533.59|
|52-week range||1,010.00 - 1,659.50|
|Beta (5Y monthly)||-0.11|
|PE ratio (TTM)||4.46|
|Earnings date||18 Feb 2021 - 19 Feb 2021|
|Forward dividend & yield||1.11 (7.25%)|
|Ex-dividend date||25 Feb 2021|
|1y target est||24.27|
Plus500, a leading technology platform for trading Contracts for Difference ("CFDs") internationally, today announces that it has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC. ("Cunningham"), a regulated Futures Commission Merchant ("FCM"), and Cunningham Trading Systems LLC. ("CTS"), a technology trading platform provider, operating in the futures and options on futures market in the US (together "the Acquisition").
The company's revenue fell 36% to $203.2 million in the quarter ended March 31, while core earnings nearly halved to $121.7 million. The customer additions come against the backdrop of a so-called "GameStonk" frenzy in the markets, which has essentially seen amateur traders coordinate through social media platforms such as Reddit to push up the prices of beaten-down stocks. Plus500, which lets investors trade on over 2,500 different financial instruments including equities, indices, commodities and cryptocurrencies, expects 2021 revenue and core earnings to be moderately ahead of market consensus.
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