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

CMC Markets Plc (LON:CMCXGet Free Report) shares fell 16.8% during mid-day trading on Friday . 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 Ratings Changes

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

View Our Latest Stock Analysis on CMCX

CMC Markets Price Performance

The company’s 50-day moving average is GBX 268.43 and its 200-day moving average is 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 firm has a market capitalization of £637.99 million, a price-to-earnings ratio of 1,341.18 and a beta of 0.51.

CMC Markets (LON:CMCXGet Free Report) last posted its quarterly 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%. On average, research analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insider Activity

In other news, insider David Fineberg acquired 124 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were bought at an average price of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Also, insider Albert Soleiman acquired 102 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of GBX 291 ($3.59) per share, for a total transaction of £296.82 ($366.63). Insiders have bought 322 shares of company stock worth $90,026 over the last 90 days. Company insiders own 64.79% of the company’s stock.

About CMC Markets

(Get Free Report)

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.

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