NEW YORK (
) hit a new 52-week high Monday as it traded at $9.69 compared with its previous 52-Week high of $9.59. BGC is changing hands at $9.68 with 22,739 shares traded as of 9:30 a.m. ET. Average volume has been 592,800 shares over the past 30 days.
BGC has a market cap of $628.5 million and is part of the
industry. Shares are up 15.3% year to date as of the close of trading on Friday.
BGC Partners, Inc. operates as a financial intermediary to the financial markets specializing in the brokering of various financial products. The company has a P/E ratio of 38.5, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates BGC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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