StockNews.com Initiates Coverage on BGC Group (NASDAQ:BGCP)

Stock analysts at StockNews.com began coverage on shares of BGC Group (NASDAQ:BGCP) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

BGC Group Stock Performance

Shares of BGC Group stock opened at $4.43 on Tuesday. The business’s 50 day moving average is $4.43. BGC Group has a 1-year low of $3.14 and a 1-year high of $5.51.

About BGC Group

BGC Group, Inc operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options.