Gain Capital shares fall to lowest level since IPO.
U.S.-based Forex firm Gain Capital (Forex.com) announced Q1 results yesterday, and although they were slightly better than Q4-2011, Gain still reported a net loss for the quarter. It should be noted that in Q4 Gain reported its lowest quarterly revenue since Q2 of 2007, with a loss at both the EBITDA line (-$3.1 million) and net income (-$3.3 million). In Q1 Gain volumes held fairly steady and its financials improved somewhat, posting EBIDTA of 1.3 million, but Gain still recorded a net loss of $1.3 million.
The market responded by sending Gain Capital's shares down nearly 5% in aftermarket trading to $4.76 per share -- the lowest level Gain Capital shares have traded at since going public in December 2010 at $9.00 per share.
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