CMC Markets (LON:CMCX) Given Hold Rating at Shore Capital

Shore Capital reaffirmed their hold rating on shares of CMC Markets (LON:CMCX) in a research report released on Thursday, Marketbeat.com reports.

CMC Markets Trading Up 4.1 %

LON:CMCX opened at GBX 229.50 ($2.83) on Thursday. The company has a market cap of £642.19 million, a P/E ratio of 1,350.00 and a beta of 0.51. CMC Markets has a twelve month low of GBX 131.90 ($1.63) and a twelve month high of GBX 349 ($4.31). The business has a 50 day moving average price of GBX 268.43 and a two-hundred day moving average price 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.

CMC Markets (LON:CMCX) last announced its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. As a group, analysts expect that CMC Markets will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 9th. Investors 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 yield of 0.92%. CMC Markets’s payout ratio is presently 4,705.88%.

Insider Activity at CMC Markets

In other news, insider Albert Soleiman purchased 96 shares of the business’s stock in a transaction 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 stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Over the last ninety days, insiders purchased 322 shares of company stock valued at $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.