CMC Markets (LON:CMCX) Stock Price Down 16.8% – Time to Sell?

CMC Markets Plc (LON:CMCX)’s share price fell 16.8% during trading on Thursday . The stock traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). 2,236,680 shares were traded during trading, an increase of 132% from the average session volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.26).

Wall Street Analyst Weigh In

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

CMC Markets Stock Performance

The company has a market cap of £617.00 million, a P/E ratio of 1,297.06 and a beta of 0.51. The stock 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 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 posted 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%. On average, equities 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 disclosed a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were given 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 dividend payout ratio (DPR) is 4,705.88%.

Insider Activity at CMC Markets

In other news, insider David Fineberg acquired 124 shares of CMC Markets stock in a transaction on Monday, January 6th. The stock was bought at an average cost of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Also, insider Albert Soleiman bought 102 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of GBX 291 ($3.58) per share, for a total transaction of £296.82 ($365.41). Insiders acquired a total of 322 shares of company stock valued at $90,026 over the last ninety days. Insiders own 64.79% of the company’s stock.

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.