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

StockNews.com assumed coverage on shares of BGC Group (NASDAQ:BGCP) in a report released on Thursday. The firm issued a buy rating on the stock.

BGC Group Stock Up 1.4 %

Shares of BGCP stock opened at $4.43 on Thursday. The company has a 50-day moving average of $4.43. BGC Group has a 1-year low of $3.14 and a 1-year 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.