CMC Markets (LON:CMCX) Shares Down 16.8% – Time to Sell?

CMC Markets Plc (LON:CMCX) was down 16.8% during mid-day trading on Thursday . The stock traded as low as GBX 213 ($2.63) and last traded at GBX 220.50 ($2.72). Approximately 2,236,680 shares were traded during mid-day trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.27).

Analyst Ratings Changes

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

CMC Markets Price Performance

The business has a 50 day simple moving average of GBX 268.43 and a two-hundred day simple moving average of GBX 299.21. The firm has a market capitalization of £617.00 million, a P/E ratio of 1,297.06 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

CMC Markets (LON:CMCX) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. On average, sell-side analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal 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 issued 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 payout ratio is 4,705.88%.

Insider Activity

In other CMC Markets news, insider David Fineberg purchased 124 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were purchased at an average cost of GBX 242 ($2.99) per share, with a total value of £300.08 ($370.65). Also, insider Albert Soleiman acquired 96 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.90) per share, with a total value of £303.36 ($374.70). In the last quarter, insiders have purchased 322 shares of company stock worth $90,026. 64.79% of the stock is currently owned by corporate insiders.

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.