CMC Markets (LON:CMCX) Trading Down 16.8% – Should You Sell?

CMC Markets Plc (LON:CMCX) was down 16.8% on Thursday . The stock traded as low as GBX 213 ($2.63) and last traded at GBX 220.50 ($2.72). Approximately 2,236,680 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.27).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “hold” rating on shares of CMC Markets in a research report on Thursday.

CMC Markets Stock Performance

The firm has a fifty day moving average of GBX 268.43 and a 200 day moving average of GBX 299.21. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The stock has a market capitalization of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51.

CMC Markets (LON:CMCX) last posted its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. On average, sell-side analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s payout ratio is currently 4,705.88%.

Insider Activity at CMC Markets

In other news, insider David Fineberg purchased 124 shares of the stock in a transaction dated Monday, January 6th. The stock was acquired at an average cost of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Also, insider Albert Soleiman bought 102 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of GBX 291 ($3.59) per share, with a total value of £296.82 ($366.63). In the last ninety days, insiders bought 322 shares of company stock valued at $90,026. 64.79% of the stock is owned by insiders.

About CMC Markets

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.