CMC Markets’ (CMCX) Hold Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of CMC Markets (LON:CMCX) in a research note published on Thursday, Marketbeat Ratings reports.

CMC Markets Stock Down 6.1 %

Shares of CMCX stock opened at GBX 271 ($3.41) on Thursday. CMC Markets has a one year low of GBX 86.90 ($1.09) and a one year high of GBX 349 ($4.39). 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 fifty day moving average price of GBX 313.30 and a 200 day moving average price of GBX 304.62. The stock has a market cap of £758.31 million, a P/E ratio of 1,594.12 and a beta of 0.51.

CMC Markets Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is currently 4,705.88%.

Insider Activity at CMC Markets

In related news, insider Albert Soleiman bought 96 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.98) per share, for a total transaction of £303.36 ($381.92). Also, insider David Fineberg purchased 94 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average price of GBX 318 ($4.00) per share, for a total transaction of £298.92 ($376.33). Insiders have acquired a total of 288 shares of company stock valued at $89,922 over the last quarter. 64.79% of the stock is owned by company insiders.

About CMC Markets

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.