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

CMC Markets Plc (LON:CMCX)’s stock price traded down 16.8% on Thursday . The company traded as low as GBX 213 ($2.66) and last traded at GBX 220.50 ($2.75). 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 ($3.31).

Wall Street Analysts Forecast Growth

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

CMC Markets Price Performance

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

CMC Markets (LON:CMCX) last issued its quarterly earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. As a group, sell-side analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

The business also recently announced 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. The ex-dividend date was Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s dividend payout ratio is currently 4,705.88%.

Insider Buying and Selling

In other CMC Markets news, insider David Fineberg purchased 124 shares of the company’s stock in a transaction dated 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). Also, insider Albert Soleiman acquired 102 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of GBX 291 ($3.63) per share, with a total value of £296.82 ($370.61). In the last 90 days, insiders have bought 322 shares of company stock valued at $90,026. Company 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.