CMC Markets (LON:CMCX) Stock Price Down 17.1% – Here’s Why

CMC Markets Plc (LON:CMCX)’s stock price fell 17.1% during trading on Thursday . The company traded as low as GBX 213 ($2.66) and last traded at GBX 219.62 ($2.74). 2,010,657 shares were traded during mid-day trading, an increase of 112% from the average session volume of 949,031 shares. The stock had previously closed at GBX 265 ($3.31).

Wall Street Analyst Weigh In

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

CMC Markets Trading Up 0.2 %

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

CMC Markets (LON:CMCX) last released its quarterly earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share (EPS) for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. On average, sell-side analysts forecast 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. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is currently 4,705.88%.

Insider Buying and Selling

In other CMC Markets news, insider Albert Soleiman purchased 102 shares of the company’s stock in a transaction that occurred on 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). Also, insider David Fineberg acquired 124 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Insiders purchased 322 shares of company stock worth $90,026 in the last quarter. 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.