CMC Markets (LON:CMCX) Shares Down 17.9% – Here’s Why

CMC Markets Plc (LON:CMCX) dropped 17.9% during mid-day trading on Thursday . The stock traded as low as GBX 217.50 ($2.68) and last traded at GBX 217.50 ($2.68). Approximately 1,458,474 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 914,520 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 report on Thursday.

CMC Markets Stock Down 17.9 %

The stock has a market capitalization of £608.61 million, a P/E ratio of 1,279.41 and a beta of 0.51. The firm’s fifty day moving average is GBX 269.59 and its 200-day moving average is GBX 299.73. The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95.

CMC Markets (LON:CMCX) last announced 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 net margin of 14.17% and a return on equity of 12.06%. As a group, equities research analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In other CMC Markets news, insider David Fineberg purchased 124 shares of the stock in a transaction dated 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 purchased 102 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of GBX 291 ($3.58) per share, with a total value of £296.82 ($365.41). Over the last three months, insiders purchased 322 shares of company stock valued at $90,026. Insiders own 64.79% of the company’s stock.

About CMC Markets

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.