CMC Markets (LON:CMCX) Share Price Crosses Below 50-Day Moving Average - Here's Why

CMC Markets Plc (LON:CMCX - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "hold" rating on shares of CMC Markets in a report on Thursday, July 25th.

CMC Markets Stock Performance

The firm has a market cap of £902.42 million, a P/E ratio of 1,865.35 and a beta of 0.51. The firm's fifty day moving average price is GBX 312.82 and its 200 day moving average price is GBX 302.77. 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 Activity

In related news, insider David Fineberg sold 13,711 shares of the stock in a transaction that occurred 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). In related news, insider David Fineberg sold 13,711 shares of the company's stock in a transaction dated Friday, August 30th. The stock was 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 purchased 96 shares of the stock in a transaction on 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 three months, insiders have purchased 288 shares of company stock worth $89,922. 64.79% of the stock is currently owned by company 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.