CMC Markets (LON:CMCX) Trading Down 17.9% – What’s Next?

Shares of CMC Markets Plc (LON:CMCX) were down 17.9% during mid-day trading on Thursday . The company traded as low as GBX 217.50 ($2.68) and last traded at GBX 217.50 ($2.68). Approximately 1,458,474 shares traded hands during trading, an increase of 59% from the average daily volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.26).

Analyst Ratings Changes

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

CMC Markets Trading Down 17.9 %

The business’s 50 day moving average price is GBX 269.59 and its 200-day moving average price is GBX 299.73. The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95. The company has a market cap of £608.61 million, a price-to-earnings ratio of 1,279.41 and a beta of 0.51.

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

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Albert Soleiman acquired 96 shares of CMC Markets stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of GBX 316 ($3.89) per share, with a total value of £303.36 ($373.46). Also, insider David Fineberg purchased 124 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Over the last three months, insiders have bought 322 shares of company stock valued at $90,026. 64.79% of the stock is currently owned by insiders.

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.