CMC Markets (LON:CMCX) Stock Passes Below 50 Day Moving Average – Time to Sell?

CMC Markets Plc (LON:CMCXGet Free Report)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 275.35 ($3.36) and traded as low as GBX 236.50 ($2.89). CMC Markets shares last traded at GBX 241.50 ($2.95), with a volume of 162,419 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of CMC Markets in a research note on Thursday, November 21st.

View Our Latest Report on CMCX

CMC Markets Price Performance

The stock has a fifty day moving average of GBX 275.35 and a 200 day moving average of GBX 301.99. The stock has a market cap of £684.78 million, a price-to-earnings ratio of 1,439.53 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47.

CMC Markets Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were issued a GBX 3.10 ($0.04) dividend. 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 (DPR) is currently 4,705.88%.

Insider Transactions at CMC Markets

In related news, insider Albert Soleiman purchased 102 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of GBX 291 ($3.55) per share, with a total value of £296.82 ($362.37). Also, insider David Fineberg acquired 124 shares of the stock in a transaction on Monday, January 6th. The stock was bought at an average price of GBX 242 ($2.95) per share, for a total transaction of £300.08 ($366.35). Insiders have acquired 322 shares of company stock worth $90,026 over the last 90 days. 64.79% of the stock is currently owned by company insiders.

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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