CMC Markets (LON:CMCX) Trading Down 16.8% – Here’s Why

Shares of CMC Markets Plc (LON:CMCX) traded down 16.8% during trading on Thursday . The company traded as low as GBX 213 ($2.63) and last traded at GBX 220.50 ($2.72). 2,236,680 shares traded hands during trading, an increase of 132% from the average session volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.27).

Wall Street Analysts Forecast Growth

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

CMC Markets Stock Performance

The company has a 50-day moving average of GBX 268.43 and a 200 day moving average of GBX 299.21. The firm has a market capitalization of £617.00 million, a PE ratio of 1,297.06 and a beta of 0.51. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95.

CMC Markets (LON:CMCX) last released 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 return on equity of 12.06% and a net margin of 14.17%. Equities research analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling

In related news, insider David Fineberg bought 124 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of GBX 242 ($2.99) per share, with a total value of £300.08 ($370.65). Also, insider Albert Soleiman bought 102 shares of CMC Markets stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of GBX 291 ($3.59) per share, for a total transaction of £296.82 ($366.63). Insiders have acquired 322 shares of company stock valued at $90,026 over the last ninety days. 64.79% of the stock is owned by insiders.

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.