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

Shares of CMC Markets Plc (LON:CMCX) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 610.51 and traded as high as GBX 701. CMC Markets shares last traded at GBX 694, with a volume of 279,178 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on CMCX shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 460 price target on shares of CMC Markets in a research report on Friday, June 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 500 price objective on shares of CMC Markets in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 387.50.

CMC Markets Stock Performance

The firm has a market capitalization of £1.89 billion, a PE ratio of 25.52 and a beta of 0.61. The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47. The stock has a 50-day moving average price of GBX 615.95 and a 200-day moving average price of GBX 445.45.

CMC Markets (LON:CMCX) last released its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. The business had revenue of £376.76 million for the quarter. CMC Markets had a return on equity of 16.86% and a net margin of 18.09%. On average, research analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Laurence Booth sold 155,138 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas sold 23,850 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of GBX 703, for a total transaction of £167,665.50. Over the last ninety days, insiders sold 197,827 shares of company stock worth $141,207,770. 64.83% of the stock is currently owned by corporate 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.