CMC Markets (LON:CMCX) Shares Down 17% – Should You Sell?

CMC Markets Plc (LON:CMCX)’s stock price traded down 17% during mid-day trading on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 220.03 ($2.71). 2,050,548 shares changed hands during trading, an increase of 116% from the average session volume of 951,524 shares. The stock had previously closed at GBX 265 ($3.26).

Analysts Set New Price Targets

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

CMC Markets Trading Down 16.8 %

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 business’s 50 day moving average is GBX 269.59 and its 200 day moving average is GBX 299.73. The stock has a market cap of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51.

CMC Markets (LON:CMCX) last announced its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share (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 analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal 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 (DPR) is presently 4,705.88%.

Insider Buying and Selling

In other news, insider David Fineberg acquired 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 ($2.98) per share, for a total transaction of £300.08 ($369.42). Also, insider Albert Soleiman acquired 102 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of GBX 291 ($3.58) per share, for a total transaction of £296.82 ($365.41). In the last ninety days, insiders purchased 322 shares of company stock worth $90,026. 64.79% of the stock is currently owned by 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.