BGCP - BGC Partners Inc.: The Winning Streak Continues (BGCP)

Shares of BGC Partners Inc. (NASDAQ:BGCP) traded at a new 52-week high today of $6.23. Approximately 456,000 shares have changed hands today, as compared to an average 30-day volume of 4 million shares.

BGC Partners is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.

BGC Partners Inc. (NASDAQ:BGCP) is currently priced 38.0% above its average consensus analyst price target of $3.86.

BGC Partners Inc. share prices have moved between a 52-week high of $6.23 and a 52-week low of $2.22 and are now trading 181% above that low price at $6.23 per share.

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