Partners Group (OTCMKTS:PGPHF) Shares Gap Down – Here’s What Happened

Partners Group Holding AG (OTCMKTS:PGPHF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $897.4050, but opened at $866.4320. Partners Group shares last traded at $866.4320, with a volume of 73 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PGPHF. Citigroup cut shares of Partners Group from a “buy” rating to a “sell” rating in a report on Monday, April 13th. Oddo Bhf cut shares of Partners Group to a “neutral” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Partners Group Price Performance

The firm has a market capitalization of $22.47 billion and a PE ratio of 89.62. The business’s 50-day moving average price is $1,082.79 and its 200-day moving average price is $1,152.19.

Partners Group (OTCMKTS:PGPHF) last announced its earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $11.20 million for the quarter.

About Partners Group

Partners Group Holding AG (OTCMKTS: PGPHF) is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.