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

CMC Markets Plc (LON:CMCX) shares 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). 2,236,537 shares changed hands during mid-day trading, an increase of 132% from the average session volume of 963,148 shares. The stock had previously closed at GBX 265 ($3.31).

Analyst Ratings Changes

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

CMC Markets Price Performance

The stock 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’s 50-day simple moving average is GBX 264.66 and its 200-day simple moving average is GBX 297.73. 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 released its quarterly earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. Research analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were given a GBX 3.10 ($0.04) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s payout ratio is presently 4,705.88%.

Insider Buying and Selling

In other news, insider Albert Soleiman acquired 96 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.95) per share, with a total value of £303.36 ($378.77). Also, insider David Fineberg bought 124 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was purchased at an average cost of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Over the last three months, insiders have acquired 322 shares of company stock valued at $90,026. 64.79% of the stock is owned by company 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.