CMC Markets (LON:CMCX) Trading Down 16.8% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

CMC Markets Stock Performance

The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The stock has a 50-day moving average price of GBX 268.43 and a 200-day moving average price of GBX 299.21. The firm has a market capitalization of £617.00 million, a PE 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) earnings per share (EPS) for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. On average, research analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling

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