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

CMC Markets Plc (LON:CMCX)’s share price was down 16.8% during trading on Thursday . The stock traded as low as GBX 213 ($2.63) and last traded at GBX 220.50 ($2.72). Approximately 2,236,680 shares changed hands during trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.27).

Analysts Set New Price Targets

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

CMC Markets Stock Down 16.8 %

The business has a fifty day moving average price of GBX 268.43 and a two-hundred day moving average price of GBX 299.21. The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95. The company has a market cap of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51.

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, equities analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insider Activity

In other CMC Markets news, insider David Fineberg bought 124 shares of the stock in a transaction on Monday, January 6th. The shares were purchased at an average price of GBX 242 ($2.99) per share, with a total value of £300.08 ($370.65). Also, insider Albert Soleiman purchased 102 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of GBX 291 ($3.59) per share, with a total value of £296.82 ($366.63). Insiders have bought a total of 322 shares of company stock valued at $90,026 over the last 90 days. 64.79% of the stock is currently owned by company 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.