Trade-Ideas LLC identified

MarketAxess Holdings

(

MKTX

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified MarketAxess Holdings as such a stock due to the following factors:

  • MKTX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $28.8 million.
  • MKTX has traded 8,895 shares today.
  • MKTX is trading at a new lifetime high.

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More details on MKTX:

Marketaxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. The stock currently has a dividend yield of 0.9%. MKTX has a PE ratio of 44. Currently there are 2 analysts that rate MarketAxess Holdings a buy, 1 analyst rates it a sell, and none rate it a hold.

The average volume for MarketAxess Holdings has been 259,300 shares per day over the past 30 days. MarketAxess has a market cap of $4.1 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.51 and a short float of 4.5% with 6.46 days to cover. Shares are up 3.3% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates MarketAxess Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 15.2%. Since the same quarter one year prior, revenues slightly increased by 9.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Diversified Financial Services industry and the overall market, MARKETAXESS HOLDINGS INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • The gross profit margin for MARKETAXESS HOLDINGS INC is rather high; currently it is at 54.37%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 31.95% significantly outperformed against the industry average.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 38.98% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MKTX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.

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