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

CMC Markets Plc (LON:CMCX) fell 17.9% during trading on Thursday . The stock 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).

Wall Street Analysts Forecast Growth

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

CMC Markets Stock Performance

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

CMC Markets (LON:CMCX) last released its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. Equities analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

The company also recently disclosed 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 was Thursday, December 5th. This represents a yield of 0.92%. 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 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, with a total value of £300.08 ($369.42). Also, insider Albert Soleiman purchased 102 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were bought 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 bought 322 shares of company stock worth $90,026. 64.79% of the stock is owned by corporate insiders.

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.