CMC Markets (LON:CMCX) Stock Breaks Above 50-Day Moving Average – Should You Sell?

CMC Markets Plc (LON:CMCX)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 695.50 and traded as high as GBX 709. CMC Markets shares last traded at GBX 708, with a volume of 229,828 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upped their price objective on shares of CMC Markets from GBX 460 to GBX 760 and gave the company an “outperform” rating in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, CMC Markets presently has an average rating of “Moderate Buy” and a consensus price target of GBX 462.50.

CMC Markets Price Performance

The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47. The stock has a 50 day simple moving average of GBX 694.06 and a two-hundred day simple moving average of GBX 529.68. The company has a market cap of £1.91 billion, a price-to-earnings ratio of 25.75 and a beta of 0.62.

Insider Activity at CMC Markets

In related news, insider Peter Cruddas purchased 525,000 shares of CMC Markets stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of GBX 655 per share, for a total transaction of £3,438,750. In the last 90 days, insiders acquired 586,389 shares of company stock worth $384,094,464. 65.10% of the stock is owned by 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.