CMC Markets (LON:CMCX) Share Price Crosses Below 50 Day Moving Average – What’s Next?

CMC Markets Plc (LON:CMCX)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 225.09 ($2.93) and traded as low as GBX 214 ($2.78). CMC Markets shares last traded at GBX 215 ($2.80), with a volume of 13,869,479 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “hold” rating on shares of CMC Markets in a report on Thursday, January 23rd.

CMC Markets Trading Up 0.2 %

The company’s 50 day simple moving average is GBX 224.61 and its 200-day simple moving average is GBX 271.75. The firm has a market cap of £600.15 million, a P/E ratio of 1.82 and a beta of 0.51. The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19.

Insider Activity

In other news, insider David Fineberg bought 124 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was acquired at an average cost of GBX 242 ($3.15) per share, with a total value of £300.08 ($390.37). Over the last ninety days, insiders purchased 149,350 shares of company stock valued at $32,114,482. 64.79% of the stock is currently owned by company insiders.

CMC Markets Company Profile

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.