CMC Markets (LON:CMCX) Stock Passes Below 50 Day Moving Average – Time to Sell?

CMC Markets Plc (LON:CMCX)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 275.35 ($3.36) and traded as low as GBX 236.50 ($2.89). CMC Markets shares last traded at GBX 241.50 ($2.95), with a volume of 162,419 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “hold” rating on shares of CMC Markets in a research report on Thursday, November 21st.

CMC Markets Trading Up 1.3 %

The firm has a market cap of £684.78 million, a price-to-earnings ratio of 1,439.53 and a beta of 0.51. The company’s 50-day moving average price is GBX 275.35 and its 200-day moving average price is GBX 301.99. 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 Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Albert Soleiman acquired 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 ($3.55) per share, with a total value of £296.82 ($362.37). Also, insider David Fineberg acquired 124 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($2.95) per share, for a total transaction of £300.08 ($366.35). In the last three months, insiders bought 322 shares of company stock worth $90,026. 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.