CMC Markets (LON:CMCX) Trading Down 16.8% – Should You Sell?

CMC Markets Plc (LON:CMCX) dropped 16.8% on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). Approximately 2,236,537 shares traded hands during trading, an increase of 132% from the average daily volume of 963,148 shares. The stock had previously closed at GBX 265 ($3.26).

Wall Street Analyst Weigh In

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

CMC Markets Stock Performance

The firm has a 50 day moving average of GBX 268.43 and a 200-day moving average of GBX 299.21. The company has a market cap of £617.00 million, a P/E ratio of 1,297.06 and a beta of 0.51. 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 posted 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, sell-side analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling

In related news, insider Albert Soleiman purchased 96 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of GBX 316 ($3.89) per share, with a total value of £303.36 ($373.46). Also, insider David Fineberg bought 124 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Insiders purchased 322 shares of company stock worth $90,026 in the last three months. Corporate insiders own 64.79% of the company’s stock.

About CMC Markets

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.