CMC Markets (LON:CMCX) Shares Down 16.8% – Here’s Why

CMC Markets Plc (LON:CMCX)’s share price was down 16.8% during mid-day trading 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 were traded during trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.31).

Analysts Set New Price Targets

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

CMC Markets Price Performance

The stock’s fifty day moving average price is GBX 264.66 and its two-hundred day moving average price is GBX 297.73. The firm has a market capitalization of £618.40 million, a price-to-earnings 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 announced its quarterly earnings data 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%. Equities research analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 5th were paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend 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 related news, insider Albert Soleiman purchased 102 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.61). Also, insider David Fineberg purchased 124 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were bought at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Insiders have purchased 322 shares of company stock worth $90,026 in the last ninety days. 64.79% of the stock is owned by corporate insiders.

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.