CMC Markets (LON:CMCX) Shares Down 16.8% – What’s Next?

Shares of CMC Markets Plc (LON:CMCX) were down 16.8% on Thursday . The company traded as low as GBX 213 ($2.66) and last traded at GBX 220.50 ($2.75). Approximately 2,236,680 shares traded hands during mid-day trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.31).

Analyst Upgrades and Downgrades

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

CMC Markets Stock Performance

The company’s 50 day simple moving average is GBX 264.66 and its 200 day simple moving average is GBX 297.73. The stock has a market cap of £618.40 million, a PE ratio of 1,300.00 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

CMC Markets (LON:CMCX) last issued 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 net margin of 14.17% and a return on equity of 12.06%. Analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The company also recently disclosed 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. This represents a 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 Activity at CMC Markets

In other news, insider Albert Soleiman acquired 102 shares of CMC Markets stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of GBX 291 ($3.63) per share, with a total value of £296.82 ($370.61). Also, insider David Fineberg bought 124 shares of the stock in a transaction on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). In the last ninety days, insiders acquired 322 shares of company stock worth $90,026. Corporate 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.