Zacks Upgrades JMP Group (NYSE:JMP) to Buy

JMP Group LLC (NYSE:JMP)’s stock is one that investors will be closely looking at in today’s trading session after its shares have been upgraded by Zachs to “Buy” from “Hold”, with with price target of $7.25 early today.

JMP Group LLC (NYSE:JPM) is an investment banking, asset management and corporate credit management firm. It provides sales, trading, and equity research services and alternative asset management products and services.

JMP Group (NYSE:JMP) opened at $6.22 on Tuesday after a $6.26 closing last week, or 2.12% higher. JMP Group has a 1-year low of $6.00 and a 1-year high of $8.85. A total of 214,501 shares exchanged hands last Friday.

The company has a market cap of $132.11 million and a PE ratio of 14.23. The stock has a 50 day moving average of $6.95 and a 200-day moving average of $7.52. – BusinessNewsAsia.com

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