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

Shares of CMC Markets Plc (LON:CMCX) were down 16.8% on Thursday . The stock traded as low as GBX 213 ($2.66) and last traded at GBX 220.50 ($2.75). 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 ($3.31).

Analysts Set New Price Targets

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

CMC Markets Trading Up 0.2 %

The company has a fifty day simple moving average of GBX 264.66 and a two-hundred day simple moving average of GBX 297.73. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The stock has a market capitalization of £618.40 million, a P/E ratio of 1,300.00 and a beta of 0.51.

CMC Markets (LON:CMCX) last posted its earnings results 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%. On average, sell-side analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The company 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. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is 4,705.88%.

Insider Activity

In other news, insider Albert Soleiman purchased 102 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.61). Also, insider David Fineberg bought 124 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average cost of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Insiders have bought a total of 322 shares of company stock worth $90,026 over the last three months. Corporate insiders own 64.79% of the company’s stock.

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.