CMC Markets (LON:CMCX) Stock Price Down 16.8% – Time to Sell?

CMC Markets Plc (LON:CMCX) fell 16.8% on Thursday . The stock traded as low as GBX 213 ($2.63) and last traded at GBX 220.50 ($2.72). 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 ($3.27).

Analyst Upgrades and Downgrades

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

CMC Markets Trading Down 16.8 %

The business has a 50 day simple moving average of GBX 268.43 and a 200 day simple moving average of GBX 299.21. 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 company has a market cap of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51.

CMC Markets (LON:CMCX) last released its quarterly 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 return on equity of 12.06% and a net margin of 14.17%. As a group, equities analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Activity at CMC Markets

In other CMC Markets news, insider David Fineberg bought 124 shares of the company’s stock in a transaction on Monday, January 6th. The stock was bought at an average price of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Also, insider Albert Soleiman purchased 102 shares of CMC Markets stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 291 ($3.59) per share, for a total transaction of £296.82 ($366.63). Insiders purchased a total of 322 shares of company stock valued at $90,026 over the last quarter. Corporate insiders own 64.79% of the company’s stock.

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.