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

CMC Markets Plc (LON:CMCX) dropped 14.8% during mid-day trading on Friday . The company traded as low as GBX 281 ($3.54) and last traded at GBX 288.50 ($3.63). Approximately 2,103,359 shares traded hands during trading, an increase of 332% from the average daily 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 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 firm has a market cap of £777.90 million, a price-to-earnings ratio of 1,758.46 and a beta of 0.51. The firm’s 50 day moving average price is GBX 313.74 and its 200-day moving average price is GBX 304.41.

CMC Markets Cuts Dividend

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

Insider Transactions at CMC Markets

In related news, insider David Fineberg sold 13,711 shares of the firm’s stock in a transaction dated 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). Also, insider Albert Soleiman bought 96 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of GBX 316 ($3.98) per share, with a total value of £303.36 ($381.92). Insiders bought a total of 288 shares of company stock worth $89,922 over the last 90 days. 64.79% of the stock is owned by insiders.

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.