MKTX
MarketAxess Holdings Inc. Financial Services - Capital Markets Investor Relations →
MarketAxess Holdings Inc. (MKTX) closed at $174.01 as of 2026-03-20, trading 25.1% below its 200-week moving average of $232.33. This places MKTX in the extreme value zone. The stock is currently moving closer to the line, down from -22.6% last week. The 14-week RSI sits at 48, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.90 ratio) is neutral — neither side is clearly dominating.
Over the past 1067 weeks of data, MKTX has crossed below its 200-week moving average 5 times. On average, these episodes lasted 73 weeks. The average one-year return after crossing below was -19.5%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $6.5 billion, MKTX is a mid-cap stock. The company generates a free cash flow yield of 3.5%. Return on equity stands at 19.4%, a solid level. The stock trades at 5.4x book value.
Management has been repurchasing shares, with a 5.0% reduction over three years. MKTX passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 20.5 years, a hypothetical investment of $100 in MKTX would have grown to $1725, compared to $788 for the S&P 500. That represents an annualized return of 14.9% vs 10.6% for the index — confirming MKTX as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 10.9% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MKTX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MKTX Crosses Below the Line?
Across 5 historical episodes, buying MKTX when it crossed below its 200-week moving average produced an average return of -9.8% after 12 months (median -5.0%), compared to -9.0% for the S&P 500 over the same periods. 20% of those episodes were profitable after one year. After 24 months, the average return was -11.2% vs +9.6% for the index.
Each line shows $100 invested at the moment MKTX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MKTX has crossed below its 200-week MA 5 times with an average 1-year return of +-19.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2005 | Nov 2006 | 56 | 25.4% | -10.2% | +1631.8% |
| Dec 2007 | Sep 2009 | 94 | 64.6% | -42.4% | +1600.6% |
| Nov 2021 | Dec 2021 | 1 | 3.4% | -18.6% | -47.4% |
| Jan 2022 | Feb 2022 | 3 | 9.0% | -6.9% | -49.7% |
| Feb 2022 | Ongoing | 212+ | 45.0% | Ongoing | -50.3% |
| Average | 73 | — | +-19.5% | — |
Frequently Asked Questions
Is MKTX below its 200-week moving average?
Yes. As of 2026-03-20, MarketAxess Holdings Inc. (MKTX) is trading 25.1% below its 200-week moving average of $232.33. The current price is $174.01.
What is MKTX's 200-week moving average price?
MarketAxess Holdings Inc.'s 200-week moving average is $232.33 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MKTX drops below its 200-week moving average?
MKTX has crossed below its 200-week moving average 5 times in our data. The average one-year return after these crossings was -19.5%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 73 weeks on average.
Is MKTX a good value right now?
Here's what our data says about MKTX as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 48. Free cash flow yield is 3.5%. Return on equity is 19.4%. Price-to-book is 5.4x. This is not a buy or sell recommendation — always do your own research.
How does MKTX compare to the S&P 500?
Over the past 20.5 years, $100 invested in MKTX would have grown to $1725, compared to $788 for the S&P 500. That's 14.9% annualized vs 10.6% for the index. MKTX has outperformed the broader market over this period.
Does MKTX pay a dividend?
Yes. MarketAxess Holdings Inc. currently pays a dividend yield of 179.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20