CMC Markets (LON:CMCX) Shares Down 14.8% – Here’s What Happened

Shares of CMC Markets Plc (LON:CMCX) traded down 14.8% on Friday . The company traded as low as GBX 281 ($3.54) and last traded at GBX 288.50 ($3.63). 2,103,359 shares were traded during trading, an increase of 332% from the average session volume of 486,937 shares. The stock had previously closed at GBX 338.50 ($4.26).

Wall Street Analyst Weigh In

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

CMC Markets Price Performance

The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The stock has a fifty day moving average of GBX 313.74 and a two-hundred day moving average of GBX 304.41. The stock has a market cap of £777.90 million, a price-to-earnings ratio of 1,758.46 and a beta of 0.51.

CMC Markets Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 5th will be paid a GBX 3.10 ($0.04) dividend. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, December 5th. CMC Markets’s dividend payout ratio (DPR) is 4,705.88%.

Insider Buying and Selling

In related news, insider Albert Soleiman bought 96 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of GBX 316 ($3.98) per share, with a total value of £303.36 ($381.92). Also, insider David Fineberg sold 13,711 shares of CMC Markets stock in a transaction on Friday, August 30th. The shares were sold at an average price of GBX 317 ($3.99), for a total transaction of £43,463.87 ($54,719.72). Over the last 90 days, insiders have purchased 288 shares of company stock valued at $89,922. Corporate insiders own 64.79% of the company’s stock.

About CMC Markets

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.