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Here's Why Gain Capital Is Up 16% Today

TheMotleyFool

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Foreign exchange trading technology company GAIN Capital (NYSE: GCAP) posted earnings that delighted investors, sending shares up as much as 20%. As of noon EDT Friday, the stock is up approximately 16%.

GAIN Capital's revenue grew by 13% year over year, and adjusted EPS came in at $0.05, a big improvement over the $0.12 loss the company posted a year ago. GAIN's OTC volume increased by 6%, while its ECN (electronic communication network) trading volume grew by an impressive 53%. EBITDA more than quadrupled, from $3.3 million in the third quarter of 2016 to $14.7 million.

Image source: Getty Images.

Source: Fool.com