CMC Markets (LON:CMCX) Stock Price Down 16.8% – What’s Next?

Shares of CMC Markets Plc (LON:CMCX) fell 16.8% on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). 2,236,680 shares traded hands during mid-day 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 restated a “hold” rating on shares of CMC Markets in a report on Thursday.

CMC Markets Price Performance

The company has a market cap of £617.00 million, a PE ratio of 1,297.06 and a beta of 0.51. The firm’s 50-day moving average is GBX 268.43 and its 200-day moving average is GBX 299.21. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95.

CMC Markets (LON:CMCX) last posted its 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%. On average, equities analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling at CMC Markets

In related news, insider Albert Soleiman purchased 102 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of GBX 291 ($3.58) per share, for a total transaction of £296.82 ($365.41). Also, insider David Fineberg acquired 124 shares of CMC Markets stock in a transaction that occurred on Monday, January 6th. The shares were bought at an average cost of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Over the last 90 days, insiders bought 322 shares of company stock valued at $90,026. 64.79% of the stock is currently owned by company 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.