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

CMC Markets Plc (LON:CMCX) traded down 16.8% during trading 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 trading, an increase of 132% from the average session volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.26).

Analyst Ratings Changes

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

CMC Markets Stock Down 16.8 %

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

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 return on equity of 12.06% and a net margin of 14.17%. Equities analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling

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

About CMC Markets

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.