CMC Markets (LON:CMCX) Shares Down 16.8% – Here’s Why

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

Analyst Upgrades and Downgrades

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

CMC Markets Stock Down 16.8 %

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 company has a 50-day moving average of GBX 268.43 and a two-hundred day moving average of GBX 299.21. The company has a market capitalization of £617.00 million, a PE ratio of 1,297.06 and a beta of 0.51.

CMC Markets (LON:CMCX) last announced its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share (EPS) for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. 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 firm also recently announced a dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 5th were paid a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 0.92%. The ex-dividend date was Thursday, December 5th. CMC Markets’s dividend payout ratio (DPR) is presently 4,705.88%.

Insiders Place Their Bets

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