CMC Markets (LON:CMCX) Stock Passes Below 50 Day Moving Average – Here’s Why

CMC Markets Plc (LON:CMCX) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 312.82 ($4.03) and traded as low as GBX 309 ($3.98). CMC Markets shares last traded at GBX 313 ($4.03), with a volume of 311,494 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “hold” rating on shares of CMC Markets in a research note on Thursday, July 25th.

CMC Markets Trading Up 1.3 %

The firm has a 50 day moving average price of GBX 312.82 and a two-hundred day moving average price of GBX 302.77. The firm has a market capitalization of £887.34 million, a P/E ratio of 1,841.18 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

Insider Buying and Selling

In other CMC Markets news, insider David Fineberg sold 13,711 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of GBX 317 ($4.08), for a total transaction of £43,463.87 ($55,930.86). In other CMC Markets news, insider David Fineberg sold 13,711 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of GBX 317 ($4.08), for a total transaction of £43,463.87 ($55,930.86). Also, insider Albert Soleiman bought 96 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of GBX 316 ($4.07) per share, with a total value of £303.36 ($390.37). In the last quarter, insiders have purchased 288 shares of company stock valued at $89,922. 64.79% of the stock is owned by corporate insiders.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.