CMC Markets (LON:CMCX) Shares Down 17.9% – Time to Sell?

CMC Markets Plc (LON:CMCX)’s stock price dropped 17.9% during 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 were traded 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 Analysts Forecast Growth

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

CMC Markets Price Performance

The stock’s 50 day moving average is GBX 269.59 and its two-hundred day moving average is GBX 299.73. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The stock has a market capitalization of £615.60 million, a PE ratio of 1,294.12 and a beta of 0.51.

CMC Markets (LON:CMCX) last announced its quarterly earnings data 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, sell-side analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Cuts Dividend

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

Insider Transactions at CMC Markets

In related news, insider Albert Soleiman acquired 96 shares of CMC Markets stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.89) per share, for a total transaction of £303.36 ($373.46). Also, insider David Fineberg bought 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, with a total value of £300.08 ($369.42). In the last 90 days, insiders have acquired 322 shares of company stock valued at $90,026. Corporate 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.