Barclays (NYSE:BCS) Sets New 1-Year High – Should You Buy?

Barclays PLC (NYSE:BCS) reached a new 52-week high during trading on Thursday . The stock traded as high as $15.20 and last traded at $15.18, with a volume of 516482 shares changing hands. The stock had previously closed at $14.86.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Barclays from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th.

Barclays Trading Down 1.2 %

The business has a 50 day moving average price of $13.74 and a 200-day moving average price of $12.75. The firm has a market cap of $54.43 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.44 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Barclays in the 4th quarter valued at about $26,000. Activest Wealth Management acquired a new position in Barclays during the 4th quarter worth $33,000. Sierra Ocean LLC acquired a new stake in shares of Barclays in the 4th quarter valued at about $38,000. Symphony Financial Ltd. Co. bought a new position in shares of Barclays during the third quarter worth about $42,000. Finally, Versant Capital Management Inc acquired a new position in Barclays in the fourth quarter worth about $44,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Company Profile

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.