CMC Markets (LON:CMCX) Trading Down 8% – What’s Next?

CMC Markets Plc (LON:CMCX)’s stock price traded down 8% on Thursday . The stock traded as low as GBX 231.66 ($2.85) and last traded at GBX 243.75 ($3.00). 508,483 shares were traded during mid-day trading, a decline of 41% from the average session volume of 855,145 shares. The stock had previously closed at GBX 265 ($3.26).

Analysts Set New Price Targets

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

CMC Markets Stock Performance

The firm’s fifty day simple moving average is GBX 269.59 and its 200 day simple moving average is GBX 299.73. The company has a market capitalization of £650.68 million, a PE ratio of 1,367.85 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 (LON:CMCX) last issued its 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%. On average, research analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

The company also recently disclosed 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 payout ratio is 4,705.88%.

Insider Activity

In other CMC Markets news, insider Albert Soleiman purchased 96 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of GBX 316 ($3.89) per share, for a total transaction of £303.36 ($373.46). Also, insider David Fineberg acquired 124 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was acquired at an average price of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Insiders bought a total of 322 shares of company stock valued at $90,026 in the last three months. 64.79% of the stock is currently owned by corporate insiders.

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.