CMC Markets (LON:CMCX) Stock Price Down 16.8% – Should You Sell?

CMC Markets Plc (LON:CMCX) shares fell 16.8% 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 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 ($3.27).

Analysts Set New Price Targets

Separately, Shore Capital restated a “hold” rating on shares of CMC Markets in a report on Thursday.

CMC Markets Stock Down 16.8 %

The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00. The stock has a market cap 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.

CMC Markets (LON:CMCX) last issued its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. Equities analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling

In other news, insider Albert Soleiman purchased 96 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.90) per share, with a total value of £303.36 ($374.70). Also, insider David Fineberg acquired 124 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Over the last three months, insiders purchased 322 shares of company stock worth $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.