CMC Markets (LON:CMCX) Shares Cross Below Fifty Day Moving Average – Should You Sell?

CMC Markets Plc (LON:CMCX) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 308.94 and traded as low as GBX 308. CMC Markets shares last traded at GBX 326, with a volume of 8,814,848 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Shore Capital Group raised shares of CMC Markets to a “buy” rating and boosted their price objective for the company from GBX 280 to GBX 330 in a research note on Thursday, November 20th. Panmure Gordon boosted their price target on shares of CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 295.

CMC Markets Stock Performance

The company has a market cap of £888.31 million, a price-to-earnings ratio of 14.11 and a beta of 0.51. The business has a fifty day simple moving average of GBX 308.94 and a 200 day simple moving average of GBX 257.23. The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19.

CMC Markets (LON:CMCX) last posted its quarterly earnings results on Thursday, November 20th. The company reported GBX 13.30 earnings per share for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. On average, equities analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

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.