Shares of BGCP traded higher by 42.60% or $1.64/share to $5.49. NASDAQ is trading at a price to book ratio of 1.83. The PEG is 0.6 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.37. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1563580 shares of BGCP exchange hands on a given day and today's volume is recorded at 2062390. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
BGC Partners, Inc. (BGC) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.