CMC Markets (LON:CMCX) Receives “Hold” Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of CMC Markets (LON:CMCX) in a research report released on Thursday, MarketBeat Ratings reports.

CMC Markets Price Performance

Shares of LON:CMCX opened at GBX 271 ($3.41) on Thursday. The stock has a market capitalization of £758.31 million, a P/E ratio of 1,594.12 and a beta of 0.51. The business has a 50-day moving average of GBX 313.30 and a two-hundred day moving average of GBX 304.62. CMC Markets has a fifty-two week low of GBX 86.90 ($1.09) and a fifty-two week high of GBX 349 ($4.39). 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 Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 5th will be issued a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is presently 4,705.88%.

Insider Transactions at CMC Markets

In related news, insider Albert Soleiman purchased 96 shares of CMC Markets stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of GBX 316 ($3.98) per share, with a total value of £303.36 ($381.92). Also, insider David Fineberg purchased 94 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of GBX 318 ($4.00) per share, for a total transaction of £298.92 ($376.33). Over the last ninety days, insiders have acquired 288 shares of company stock worth $89,922. Company 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.