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

CMC Markets Plc (LON:CMCX)’s share price dropped 16.8% during mid-day trading on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). Approximately 2,236,680 shares changed hands during trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.26).

Analyst Upgrades and Downgrades

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

CMC Markets Trading Down 16.8 %

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 company has a fifty day moving average price of GBX 268.43 and a two-hundred day moving average price of GBX 299.21. The firm has a market capitalization of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51.

CMC Markets (LON:CMCX) last released 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 return on equity of 12.06% and a net margin of 14.17%. As a group, research analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Albert Soleiman bought 96 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of GBX 316 ($3.89) per share, with a total value of £303.36 ($373.46). Also, insider David Fineberg bought 124 shares of the stock in a transaction on Monday, January 6th. The shares were bought at an average cost of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Insiders have bought 322 shares of company stock valued at $90,026 over the last ninety 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.