CMC Markets (LON:CMCX) Stock Crosses Below 50 Day Moving Average of $129.04

CMC Markets plc (LON:CMCX) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 129.04 ($1.61) and traded as low as GBX 100.40 ($1.26). CMC Markets shares last traded at GBX 105 ($1.31), with a volume of 4,554,671 shares traded.

Wall Street Analysts Forecast Growth

CMCX has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 190 ($2.38) target price on shares of CMC Markets in a research report on Tuesday, June 13th. Shore Capital raised CMC Markets to a “hold” rating in a research report on Tuesday, June 27th. Royal Bank of Canada cut their price target on CMC Markets from GBX 250 ($3.13) to GBX 140 ($1.75) and set an “outperform” rating on the stock in a research note on Friday, September 8th. Finally, Peel Hunt cut CMC Markets to an “add” rating and set a GBX 140 ($1.75) price objective on the stock. in a research note on Tuesday, September 5th.

CMC Markets Price Performance

The business has a 50-day moving average price of GBX 129.04 and a 200 day moving average price of GBX 165.66. The company has a market cap of £293.81 million, a price-to-earnings ratio of 700.00 and a beta of 0.54. The company has a current ratio of 2.45, a quick ratio of 2.47 and a debt-to-equity ratio of 3.70.

Insider Activity

In other CMC Markets news, insider David Fineberg bought 196 shares of CMC Markets stock in a transaction dated Wednesday, July 5th. The stock was bought at an average price of GBX 153 ($1.91) per share, for a total transaction of £299.88 ($375.27). In other CMC Markets news, insider David Fineberg bought 196 shares of CMC Markets stock in a transaction dated Wednesday, July 5th. The stock was bought at an average price of GBX 153 ($1.91) per share, for a total transaction of £299.88 ($375.27). Also, insider Euan Marshall bought 224 shares of CMC Markets stock in a transaction dated Monday, August 7th. The stock was acquired at an average price of GBX 134 ($1.68) per share, with a total value of £300.16 ($375.62). In the last 90 days, insiders purchased 708 shares of company stock worth $90,244. Insiders own 64.87% of the company’s stock.

CMC Markets Company Profile

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.