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

Shares of CMC Markets Plc (LON:CMCX) were down 16.8% on Thursday . The stock traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). Approximately 2,236,680 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.26).

Analyst Ratings Changes

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

CMC Markets Trading Down 16.8 %

The firm has a fifty day simple moving average of GBX 268.43 and a 200-day simple moving average of GBX 299.21. The firm has a market cap of £617.00 million, a P/E ratio of 1,297.06 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47.

CMC Markets (LON:CMCX) last posted its earnings results 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%. On average, equities research analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insider Activity

In other news, insider David Fineberg bought 124 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average price of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). Also, insider Albert Soleiman acquired 96 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.89) per share, with a total value of £303.36 ($373.46). Over the last three months, insiders purchased 322 shares of company stock worth $90,026. 64.79% of the stock is owned by corporate insiders.

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.