CMC Markets (LON:CMCX) Stock Passes Below Fifty Day Moving Average – Time to Sell?

CMC Markets Plc (LON:CMCX) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 247.33 ($3.11) and traded as low as GBX 218 ($2.74). CMC Markets shares last traded at GBX 221.50 ($2.78), with a volume of 195,300 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of CMC Markets in a report on Thursday, January 23rd.

CMC Markets Trading Down 0.7 %

The company has a market cap of £611.27 million, a price-to-earnings ratio of 1.86 and a beta of 0.51. The company’s fifty day moving average price is GBX 247.33 and its two-hundred day moving average price is GBX 288.84. The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19.

CMC Markets (LON:CMCX) last posted 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 95.92% and a return on equity of 86.11%. Research analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is currently 6.75%.

Insider Activity

In related news, insider David Fineberg purchased 124 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average cost of GBX 242 ($3.04) per share, with a total value of £300.08 ($377.13). Also, insider Albert Soleiman acquired 102 shares of CMC Markets stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of GBX 291 ($3.66) per share, for a total transaction of £296.82 ($373.03). Insiders have purchased 358 shares of company stock valued at $89,522 over the last three months. 64.79% of the stock is owned by insiders.

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.