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

Shares of CMC Markets Plc (LON:CMCX) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 225.09 ($2.92) and traded as low as GBX 214 ($2.78). CMC Markets shares last traded at GBX 215 ($2.79), with a volume of 13,869,479 shares changing hands.

Analysts Set New Price Targets

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

CMC Markets Stock Performance

The company’s 50-day moving average price is GBX 225.09 and its two-hundred day moving average price is GBX 272.14. The company has a market cap of £597.38 million, a P/E ratio of 1.81 and a beta of 0.51. The company has a current ratio of 2.18, a quick ratio of 2.47 and a debt-to-equity ratio of 4.19.

Insider Activity at CMC Markets

In related news, insider David Fineberg purchased 148,952 shares of the company’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of GBX 215 ($2.79) per share, with a total value of £320,246.80 ($415,958.96). Insiders acquired a total of 149,350 shares of company stock valued at $32,114,482 over the last ninety days. Insiders own 64.79% 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.