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

Research analysts at StockNews.com initiated coverage on shares of BGC Group (NASDAQ:BGCP) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.

BGC Group Stock Up 1.4 %

BGC Group stock opened at $4.43 on Wednesday. The company’s 50 day moving average is $4.43. BGC Group has a fifty-two week low of $3.14 and a fifty-two week high of $5.51.

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.