CMC Markets (LON:CMCX) Stock Price Down 16.8% – Time to Sell?

CMC Markets Plc (LON:CMCX)’s share price was down 16.8% on Friday . 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 trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.27).

Analysts Set New Price Targets

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

CMC Markets Stock Performance

The stock has a fifty day simple moving average of GBX 268.43 and a 200-day simple moving average of GBX 299.21. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The company has a market capitalization of £637.99 million, a P/E ratio of 1,341.18 and a beta of 0.51.

CMC Markets (LON:CMCX) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. Equities analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Transactions at CMC Markets

In related news, insider Albert Soleiman acquired 96 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of GBX 316 ($3.90) per share, for a total transaction of £303.36 ($374.70). Also, insider David Fineberg acquired 124 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Over the last quarter, insiders have acquired 322 shares of company stock worth $90,026. Insiders own 64.79% of the company’s stock.

CMC Markets Company Profile

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.