CMC Markets (LON:CMCX) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

CMC Markets Plc (LON:CMCX)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 314.24 ($4.20) and traded as low as GBX 299 ($4.00). CMC Markets shares last traded at GBX 303.50 ($4.06), with a volume of 154,162 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMCX shares. Shore Capital reaffirmed a “hold” rating on shares of CMC Markets in a research report on Thursday, July 25th. Canaccord Genuity Group reiterated a “sell” rating and issued a GBX 192 ($2.57) target price on shares of CMC Markets in a report on Tuesday, June 18th.

CMC Markets Trading Up 2.1 %

The company’s 50 day simple moving average is GBX 314.05 and its two-hundred day simple moving average is GBX 285.01. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The company has a market capitalization of £867.44 million, a price-to-earnings ratio of 1,823.53 and a beta of 0.51.

Insider Transactions at CMC Markets

In other news, insider Matthew Lewis sold 25,863 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of GBX 312 ($4.17), for a total transaction of £80,692.56 ($107,935.47). In related news, insider David Fineberg sold 13,711 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of GBX 317 ($4.24), for a total value of £43,463.87 ($58,137.87). Also, insider Matthew Lewis sold 25,863 shares of CMC Markets stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of GBX 312 ($4.17), for a total value of £80,692.56 ($107,935.47). Insiders own 64.79% of the company’s stock.

About CMC Markets

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.