CMC Markets (LON:CMCX) Stock Crosses Above Fifty Day Moving Average – Here’s Why

CMC Markets Plc (LON:CMCX)’s share price crossed 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.

Analyst Ratings Changes

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

CMC Markets Stock Performance

The firm has a fifty day moving average price of GBX 313.37 and a two-hundred day moving average price of GBX 292.31. 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 stock has a market capitalization of £937.25 million, a PE ratio of 1,964.71 and a beta of 0.51.

Insider Buying and Selling at CMC Markets

In other CMC Markets news, insider Matthew Lewis sold 25,863 shares of the 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). In other news, insider Matthew Lewis sold 25,863 shares of the firm’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 value of £80,692.56 ($105,370.28). Also, 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 ($4.14), for a total transaction of £43,463.87 ($56,756.16). Insiders bought a total of 300 shares of company stock valued at $90,042 in the last ninety days. Corporate insiders own 64.79% of the company’s stock.

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.