CMC Markets (LON:CMCX) Shares Cross Above Fifty Day Moving Average - Here's Why

Shares of CMC Markets Plc (LON:CMCX - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 313.37 ($4.09) and traded as high as GBX 334.50 ($4.37). CMC Markets shares last traded at GBX 334 ($4.36), with a volume of 489,128 shares trading hands.

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Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on CMC Markets

CMC Markets Trading Up 1.2 %

The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The business's fifty day simple moving average is GBX 313.37 and its 200 day simple moving average is GBX 292.31. The stock has a market cap of £945.79 million, a price-to-earnings ratio of 1,955.75 and a beta of 0.51.

Insider Transactions at CMC Markets

In related news, insider Albert Soleiman bought 98 shares of the firm's stock in a transaction on Monday, October 7th. The stock was bought at an average cost of GBX 303 ($3.96) per share, for a total transaction of £296.94 ($387.75). In other news, insider Matthew Lewis sold 25,863 shares of the company's stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of GBX 312 ($4.07), for a total transaction of £80,692.56 ($105,370.28). Also, insider Albert Soleiman acquired 98 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average price of GBX 303 ($3.96) per share, for a total transaction of £296.94 ($387.75). In the last three months, insiders have acquired 300 shares of company stock worth $90,042. 64.79% of the stock is currently owned by insiders.

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CMC Markets Company Profile

(Get Free Report)

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.

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