Shore Capital Reiterates Hold Rating for CMC Markets (LON:CMCX)

Shore Capital restated their hold rating on shares of CMC Markets (LON:CMCX) in a report issued on Thursday, Marketbeat.com reports.

CMC Markets Price Performance

CMC Markets stock opened at GBX 269.17 ($3.39) on Thursday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00. The company’s fifty day moving average price is GBX 312.49 and its 200 day moving average price is GBX 305.04. The stock has a market capitalization of £753.19 million, a P/E ratio of 1,552.94 and a beta of 0.51. CMC Markets has a 1 year low of GBX 86.90 ($1.09) and a 1 year high of GBX 349 ($4.39).

CMC Markets Cuts Dividend

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

Insider Buying and Selling at CMC Markets

In related news, insider David Fineberg purchased 94 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of GBX 318 ($4.00) per share, with a total value of £298.92 ($376.43). Also, insider Albert Soleiman acquired 96 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of GBX 316 ($3.98) per share, for a total transaction of £303.36 ($382.02). In the last 90 days, insiders have bought 288 shares of company stock worth $89,922. Corporate insiders own 64.79% of the company’s stock.

About CMC Markets

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.