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

CMC Markets Plc (LON:CMCX)’s share price dropped 16.8% during mid-day trading on Thursday . The stock traded as low as GBX 213 ($2.66) and last traded at GBX 220.50 ($2.75). Approximately 2,236,680 shares traded hands during trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.31).

Analysts Set New Price Targets

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

CMC Markets Price Performance

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 firm has a fifty day moving average of GBX 264.66 and a two-hundred day moving average of GBX 297.73. The stock has a market capitalization of £618.40 million, a P/E ratio of 1,300.00 and a beta of 0.51.

CMC Markets (LON:CMCX) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. On average, analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Activity at CMC Markets

In other news, insider David Fineberg bought 124 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($3.02) per share, with a total value of £300.08 ($374.68). Also, insider Albert Soleiman bought 96 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of GBX 316 ($3.95) per share, for a total transaction of £303.36 ($378.77). Insiders have bought a total of 322 shares of company stock valued at $90,026 in the last ninety days. 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.