BGCP - Watch for Continued Gains in Shares of BGC Partners Inc. (BGCP)

Shares of BGC Partners Inc. (NASDAQ:BGCP) traded today at $6.43, eclipsing its 52-week high. So far today approximately 456,000 shares have been exchanged, as compared to an average 30-day volume of 3.6 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. share prices have moved between a 52-week high of $6.43 and a 52-week low of $2.22 and are now trading 186% above that low price at $6.35 per share.

BGC Partners Inc. (NASDAQ:BGCP) is currently priced 36.5% above its average consensus analyst price target of $4.03.

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