Shore Capital Reaffirms “Hold” Rating for CMC Markets (LON:CMCX)

CMC Markets (LON:CMCX)‘s stock had its “hold” rating reaffirmed by investment analysts at Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

CMC Markets Stock Down 13.4 %

Shares of LON CMCX opened at GBX 229.50 ($2.83) on Thursday. CMC Markets has a 1 year low of GBX 131.90 ($1.62) and a 1 year high of GBX 349 ($4.30). The firm has a 50-day simple moving average of GBX 269.59 and a two-hundred day simple moving average of GBX 299.73. The company has a market cap of £642.19 million, a P/E ratio of 1,350.00 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 issued its quarterly 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%. Research analysts anticipate that CMC Markets will post 20.9884902 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David Fineberg bought 124 shares of the stock in a transaction on Monday, January 6th. The stock was acquired at an average cost 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 company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of GBX 291 ($3.58) per share, for a total transaction of £296.82 ($365.41). Insiders have purchased 322 shares of company stock valued at $90,026 in the last 90 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.