BGC Partners, Inc. (NASDAQ:BGCP) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded BGC Partners, Inc. (NASDAQ:BGCP) to Sell in a statement released on 10/04/2016.
Boasting a price of $8.56, BGC Partners, Inc. (NASDAQ:BGCP) traded -1.38% lower on the day. The last closing price is down -4.37% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. BGCP has recorded a 50-day moving average of $8.84 and a 200-day moving average of $8.95. 1,077,600 shares of the stock were exchanged, down from an avg. volume of 1,100,810
With a total market value of $0, BGC Partners, Inc. has P/E ratio of 17.72 with a 52 week low of $8.12 and a 52 week high of $9.90 .
About BGC Partners, Inc. (NASDAQ:BGCP)
BGC Partners, Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. The Company provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or in various markets, electronic brokerage services in connection with transactions executed either over-the-counter or through an exchange. Through the Company's FENICS, BGC Trader, BGC Market Data and Capitalab brands, it offers electronic brokerage, financial technology solutions, market data, post-trade services, and analytics related to select financial instruments and markets.
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