CMC Markets (LON:CMCX) Shares Down 17.1% – Should You Sell?

CMC Markets Plc (LON:CMCX)’s share price was down 17.1% during trading on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 219.62 ($2.70). Approximately 2,010,657 shares were traded during trading, an increase of 112% from the average daily volume of 949,031 shares. The stock had previously closed at GBX 265 ($3.26).

Wall Street Analysts Forecast Growth

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

CMC Markets Stock Performance

The company’s fifty day simple moving average is GBX 269.59 and its 200 day simple moving average is GBX 299.73. 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 firm has a market capitalization of £617.00 million, a PE ratio of 1,297.06 and a beta of 0.51.

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 net margin of 14.17% and a return on equity of 12.06%. As a group, equities research 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. Shareholders of record on Thursday, December 5th were paid a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is currently 4,705.88%.

Insider Transactions at CMC Markets

In other CMC Markets news, insider David Fineberg bought 124 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). Also, insider Albert Soleiman bought 102 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of GBX 291 ($3.58) per share, with a total value of £296.82 ($365.41). Over the last ninety days, insiders bought 322 shares of company stock worth $90,026. Company 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.