CMC Markets (LON:CMCX) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

CMC Markets Plc (LON:CMCX)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 308.94 and traded as low as GBX 308. CMC Markets shares last traded at GBX 326, with a volume of 8,814,848 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Panmure Gordon upped their target price on shares of CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Shore Capital Group raised CMC Markets to a “buy” rating and increased their price objective for the stock from GBX 280 to GBX 330 in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 295.

CMC Markets Stock Down 0.1%

The company has a debt-to-equity ratio of 4.19, a current ratio of 2.18 and a quick ratio of 2.47. The firm has a market capitalization of £887.55 million, a P/E ratio of 14.10 and a beta of 0.51. The firm’s fifty day moving average price is GBX 309.70 and its 200-day moving average price is GBX 257.82.

CMC Markets (LON:CMCX) last released its earnings results on Thursday, November 20th. The company reported GBX 13.30 earnings per share for the quarter. CMC Markets had a return on equity of 86.11% and a net margin of 95.92%. As a group, equities research analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

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.