Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $141.04 and traded as low as $137.53. Macquarie Group shares last traded at $138.26, with a volume of 24,864 shares.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upgraded Macquarie Group to a “strong sell” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Macquarie Group presently has a consensus rating of “Reduce”.
Get Our Latest Stock Report on Macquarie Group
Macquarie Group Stock Down 1.9%
Macquarie Group Company Profile
Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.
The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.
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