StockNews.com Initiates Coverage on BGC Group (NASDAQ:BGCP)

Investment analysts at StockNews.com started coverage on shares of BGC Group (NASDAQ:BGCP) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the stock.

BGC Group Stock Performance

Shares of BGCP stock opened at $4.43 on Friday. BGC Group has a 1-year low of $3.14 and a 1-year high of $5.51. The company’s 50-day moving average is $4.43.

About BGC Group

BGC Group, Inc operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options.