CMC Markets (LON:CMCX) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

CMC Markets Plc (LON:CMCX)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 701.50 and traded as high as GBX 717. CMC Markets shares last traded at GBX 704.89, with a volume of 6,532,000 shares traded.

Analyst Ratings Changes

CMCX has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price target on CMC Markets from GBX 460 to GBX 760 and gave the company an “outperform” rating in a report on Monday, August 17th. Jefferies Financial Group restated a “buy” rating and set a GBX 500 price objective on shares of CMC Markets in a report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CMC Markets presently has an average rating of “Moderate Buy” and an average target price of GBX 462.50.

CMC Markets Trading Up 0.1%

The firm has a market cap of £1.90 billion, a P/E ratio of 25.63 and a beta of 0.62. The business’s 50 day moving average is GBX 701.50 and its 200-day moving average is GBX 502.97. The company has a quick ratio of 2.47, a current ratio of 16.94 and a debt-to-equity ratio of 24.66.

Insider Activity

In related news, insider Peter Cruddas purchased 8,378 shares of CMC Markets stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of GBX 690 per share, with a total value of £57,808.20. In the last quarter, insiders have bought 586,389 shares of company stock valued at $384,094,464. Corporate insiders own 64.83% of the company’s stock.

About CMC Markets

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.