CMC Markets (LON:CMCX) Shares Cross Below 50 Day Moving Average - Here's What Happened

CMC Markets Plc (LON:CMCX - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 314.24 ($4.20) and traded as low as GBX 299 ($4.00). CMC Markets shares last traded at GBX 303.50 ($4.06), with a volume of 154,162 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMCX. Canaccord Genuity Group reissued a "sell" rating and set a GBX 192 ($2.57) price objective on shares of CMC Markets in a research report on Tuesday, June 18th. Shore Capital reiterated a "hold" rating on shares of CMC Markets in a report on Thursday, July 25th.

CMC Markets Trading Up 2.1 %

The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95. The business has a 50 day moving average price of GBX 314.27 and a 200-day moving average price of GBX 284.83. The company has a market cap of £867.44 million, a P/E ratio of 1,802.94 and a beta of 0.51.

Insider Activity at CMC Markets

In other CMC Markets news, insider Matthew Lewis sold 25,863 shares of CMC Markets stock in a transaction on Monday, July 22nd. The shares were sold at an average price of GBX 312 ($4.17), for a total transaction of £80,692.56 ($107,935.47). In other CMC Markets news, insider Albert Soleiman purchased 108 shares of the company's stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of GBX 282 ($3.77) per share, for a total transaction of £304.56 ($407.38). Also, insider Matthew Lewis sold 25,863 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of GBX 312 ($4.17), for a total value of £80,692.56 ($107,935.47). 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.