CMC Markets (LON:CMCX) Shares Pass Above 50-Day Moving Average of $315.81

CMC Markets Plc (LON:CMCX)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 315.81 ($4.17) and traded as high as GBX 317 ($4.19). CMC Markets shares last traded at GBX 309 ($4.08), with a volume of 188,073 shares.

Analysts Set New Price Targets

CMCX has been the topic of a number of recent analyst reports. Shore Capital reissued a “hold” rating on shares of CMC Markets in a research report on Thursday, July 25th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 192 ($2.54) target price on shares of CMC Markets in a research note on Tuesday, June 18th.

CMC Markets Stock Up 0.3 %

The firm has a 50-day moving average price of GBX 315.81 and a two-hundred day moving average price of GBX 274.57. The firm has a market cap of £867.44 million, a price-to-earnings ratio of 1,817.65 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 9th. Shareholders of record on Thursday, July 11th were issued a dividend of GBX 7.30 ($0.10) per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a yield of 2.6%. This is a boost from CMC Markets’s previous dividend of $1.00. CMC Markets’s dividend payout ratio (DPR) is presently 4,705.88%.

Insider Activity

In other news, insider Albert Soleiman acquired 108 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of GBX 282 ($3.73) per share, with a total value of £304.56 ($402.32). In other news, insider David Fineberg sold 13,711 shares of CMC Markets stock in a transaction on Friday, August 30th. The shares were sold at an average price of GBX 317 ($4.19), for a total value of £43,463.87 ($57,415.94). Also, insider Albert Soleiman purchased 108 shares of CMC Markets stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of GBX 282 ($3.73) per share, with a total value of £304.56 ($402.32). In the last quarter, insiders purchased 290 shares of company stock worth $89,916. Corporate insiders own 64.79% of the company’s stock.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.