CMC Markets (LON:CMCX) Stock Price Crosses Above 50-Day Moving Average of $315.81

Shares of CMC Markets Plc (LON:CMCX) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 315.81 ($4.17) and traded as high as GBX 317 ($4.19). CMC Markets shares last traded at GBX 309 ($4.08), with a volume of 188,073 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Shore Capital reissued a “hold” rating on shares of CMC Markets in a research note on Thursday, July 25th. Canaccord Genuity Group reissued a “sell” rating and set a GBX 192 ($2.54) price objective on shares of CMC Markets in a research note on Tuesday, June 18th.

CMC Markets Price Performance

The firm has a market cap of £867.44 million, a price-to-earnings ratio of 1,817.65 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 stock’s fifty day moving average price is GBX 315.81 and its 200-day moving average price is GBX 274.57.

CMC Markets Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, August 9th. Shareholders of record on Thursday, July 11th were given a GBX 7.30 ($0.10) dividend. The ex-dividend date was Thursday, July 11th. This represents a yield of 2.6%. This is an increase from CMC Markets’s previous dividend of $1.00. CMC Markets’s payout ratio is currently 4,705.88%.

Insider Activity

In other news, insider Albert Soleiman purchased 88 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were bought at an average cost of GBX 336 ($4.44) per share, for a total transaction of £295.68 ($390.59). In other news, insider Matthew Lewis sold 25,863 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of GBX 312 ($4.12), for a total value of £80,692.56 ($106,595.19). Also, insider Albert Soleiman bought 88 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were acquired at an average cost of GBX 336 ($4.44) per share, for a total transaction of £295.68 ($390.59). Insiders have acquired a total of 290 shares of company stock valued at $89,916 in the last quarter. Insiders own 64.79% of the company’s stock.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.