. . .

Worth Watching Stock for Traders: BGC Partners (NASDAQ:BGCP)

BGC Partners (NASDAQ:BGCP) changed 2.68% to recent value of $5.36. The stock transacted 1954113 shares during most recent day however it has an average volume of 1659.08K shares. It spotted trading -27.08% off 52-week high price. On the other end, the stock has been noted 20.18% away from the low price over the last 52-weeks.

On Oct. 28, 2019, BGC Partners (NASDAQ:BGCP) a leading global brokerage and financial technology company, reported an offer to exchange up to $300 million aggregate principal amount of its outstanding 3.750% Senior Notes due 2024 (the Old Notes) for an equivalent amount of its 3.750% Senior Notes due 2024 registered under the Securities Act of 1933, as amended (the Exchange Notes).

$300 million in aggregate principal amount of the Old Notes were issued and sold by the Company in September 2019, in a private offering.

The exchange offer will expire at 5:00 p.m., New York City time, on Monday, December 2, 2019, unless extended. Tenders of Old Notes must be made before the exchange offer expires and may be withdrawn any time prior to the expiration of the exchange offer. The exchange offer is being made to satisfy the Company’s obligations under a registration rights agreement entered into in connection with the issuance of the Old Notes, and does not represent a new financing transaction.

 BGCP has a gross margin of 99.00%. Its earnings per share (EPS) expected to touch remained 199.10% for this year while earning per share for the next 5-years is expected to reach at 12.50%.

 The company has 525.38M of outstanding shares and 448.38M shares were floated in the market.  The price moved ahead of -2.28% from the mean of 20 days, -0.67% from mean of 50 days SMA and performed -2.23% from mean of 200 days price. Company’s performance for the week was -6.46%, -3.60% for month and YTD performance remained 3.68%.

Leave a Reply

Your email address will not be published. Required fields are marked *