CMC Markets (LON:CMCX) Trading Down 16.8% – Here’s Why

CMC Markets Plc (LON:CMCX)’s share price traded down 16.8% during mid-day trading on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). 2,236,537 shares were traded during mid-day trading, an increase of 132% from the average session volume of 963,148 shares. The stock had previously closed at GBX 265 ($3.26).

Wall Street Analyst Weigh In

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

CMC Markets Trading Down 16.8 %

The company has a 50 day moving average of GBX 268.43 and a 200-day moving average of GBX 299.21. 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 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 issued 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 net margin of 14.17% and a return on equity of 12.06%. On average, research analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 5th were given 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 is presently 4,705.88%.

Insider Activity at CMC Markets

In other CMC Markets news, insider Albert Soleiman purchased 96 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of GBX 316 ($3.89) per share, with a total value of £303.36 ($373.46). Also, insider David Fineberg acquired 124 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was acquired at an average price of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). Over the last three months, insiders purchased 322 shares of company stock worth $90,026. Company 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.