CMC Markets (LON:CMCX) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of CMC Markets Plc (LON:CMCX) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 312.82 ($4.03) and traded as low as GBX 309 ($3.98). CMC Markets shares last traded at GBX 313 ($4.03), with a volume of 311,494 shares.

Wall Street Analyst Weigh In

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

CMC Markets Stock Performance

The firm has a market cap of £887.34 million, a price-to-earnings ratio of 1,841.18 and a beta of 0.51. The firm’s 50 day moving average is GBX 312.82 and its 200-day moving average is GBX 302.77. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

Insider Activity

In other news, insider David Fineberg acquired 94 shares of CMC Markets stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of GBX 318 ($4.09) per share, for a total transaction of £298.92 ($384.66). In other CMC Markets news, insider David Fineberg acquired 94 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of GBX 318 ($4.09) per share, with a total value of £298.92 ($384.66). Also, insider Albert Soleiman bought 96 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of GBX 316 ($4.07) per share, for a total transaction of £303.36 ($390.37). In the last quarter, insiders have purchased 288 shares of company stock valued at $89,922. Insiders own 64.79% of the company’s stock.

About CMC Markets

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.