CMC Markets (LON:CMCX) Trading Down 17.9% – Time to Sell?

CMC Markets Plc (LON:CMCX) traded down 17.9% during mid-day trading on Thursday . The company traded as low as GBX 217.50 ($2.68) and last traded at GBX 217.50 ($2.68). 1,458,474 shares changed hands during mid-day trading, an increase of 59% from the average session volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.26).

Analysts Set New Price Targets

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

CMC Markets Stock Performance

The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The stock has a market capitalization of £608.61 million, a P/E ratio of 1,279.41 and a beta of 0.51. The company has a 50 day simple moving average of GBX 269.59 and a 200-day simple moving average of GBX 299.73.

CMC Markets (LON:CMCX) last issued 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, equities analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Shareholders 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 yield of 0.92%. CMC Markets’s dividend payout ratio is 4,705.88%.

Insider Buying and Selling at CMC Markets

In other news, insider Albert Soleiman purchased 96 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of GBX 316 ($3.89) per share, for a total transaction of £303.36 ($373.46). Also, insider David Fineberg bought 124 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average cost of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). In the last three months, insiders have acquired 322 shares of company stock worth $90,026. 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.