CMC Markets (LON:CMCX) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of CMC Markets Plc (LON:CMCX) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 610.51 and traded as high as GBX 701. CMC Markets shares last traded at GBX 694, with a volume of 279,178 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCX. Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 price objective on shares of CMC Markets in a report on Wednesday, July 1st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 460 target price on shares of CMC Markets in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 387.50.

CMC Markets Trading Up 0.1%

The company has a market cap of £1.87 billion, a P/E ratio of 25.27 and a beta of 0.61. The company has a current ratio of 16.94, a quick ratio of 2.47 and a debt-to-equity ratio of 24.66. The business has a 50 day moving average price of GBX 610.51 and a 200-day moving average price of GBX 442.82.

CMC Markets (LON:CMCX) last released its earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. The business had revenue of £376.76 million during the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. Analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laurence Booth sold 155,138 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas sold 23,850 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of GBX 703, for a total transaction of £167,665.50. In the last quarter, insiders sold 197,827 shares of company stock valued at $141,207,770. Corporate insiders own 64.83% of the company’s stock.

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.