CMC Markets (LON:CMCX) Share Price Passes Below 50-Day Moving Average – What’s Next?

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 717.33 and traded as low as GBX 676. CMC Markets shares last traded at GBX 676, with a volume of 522,226 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CMCX shares. Royal Bank Of Canada raised 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. Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 target price on shares of CMC Markets in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CMC Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 462.50.

CMC Markets Stock Up 0.2%

The firm has a market cap of £1.85 billion, a PE ratio of 24.99 and a beta of 0.62. 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 firm has a 50 day moving average price of GBX 716.43 and a 200-day moving average price of GBX 516.04.

Insider Buying and Selling

In other CMC Markets news, insider Laurence Booth sold 155,138 shares of the business’s stock in a transaction that occurred on 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 stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of GBX 703, for a total transaction of £167,665.50. Insiders sold 197,827 shares of company stock valued at $141,207,770 in the last quarter. 64.83% 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.