CMC Markets (LON:CMCX) Stock Crosses Below 50 Day Moving Average – What’s Next?

CMC Markets Plc (LON:CMCX) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 225.09 ($2.92) and traded as low as GBX 214 ($2.78). CMC Markets shares last traded at GBX 215 ($2.79), with a volume of 13,869,479 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “hold” rating on shares of CMC Markets in a report on Thursday, January 23rd.

CMC Markets Stock Down 0.7 %

The firm’s 50 day simple moving average is GBX 225.09 and its 200 day simple moving average is GBX 272.14. The company has a market cap of £597.38 million, a price-to-earnings ratio of 1.81 and a beta of 0.51. The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19.

Insider Activity at CMC Markets

In related news, insider David Fineberg acquired 148,952 shares of CMC Markets stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of GBX 215 ($2.79) per share, with a total value of £320,246.80 ($415,958.96). Insiders have acquired a total of 149,350 shares of company stock worth $32,114,482 in the last three months. 64.79% of the stock is owned by company 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.