CMC Markets (LON:CMCX) Shares Down 8% – What’s Next?

CMC Markets Plc (LON:CMCX) fell 8% during mid-day trading on Thursday . The stock traded as low as GBX 231.66 ($2.89) and last traded at GBX 243.75 ($3.04). 508,483 shares changed hands during trading, a decline of 41% from the average session volume of 855,145 shares. The stock had previously closed at GBX 265 ($3.31).

Analyst Ratings Changes

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

CMC Markets Stock Performance

The stock has a market cap of £618.40 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.51. The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95. The firm has a fifty day simple moving average of GBX 264.66 and a 200-day simple moving average of GBX 297.73.

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 (EPS) for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. Analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were paid a GBX 3.10 ($0.04) dividend. This represents a dividend 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 acquired 124 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Also, insider Albert Soleiman bought 102 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.61). Insiders acquired a total of 322 shares of company stock valued at $90,026 over the last ninety days. 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.