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

CMC Markets Plc (LON:CMCX)’s share price traded down 17% during trading on Thursday . The stock traded as low as GBX 213 ($2.66) and last traded at GBX 220.03 ($2.75). 2,050,548 shares traded hands during trading, an increase of 116% from the average session volume of 951,524 shares. The stock had previously closed at GBX 265 ($3.31).

Analysts Set New Price Targets

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

CMC Markets Stock Up 0.2 %

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 firm has a market capitalization of £618.40 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.51. The firm has a fifty day moving average price of GBX 264.66 and a 200 day moving average price of GBX 297.73.

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 (EPS) for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. As a group, sell-side analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

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

Insider Buying and Selling

In other news, insider Albert Soleiman purchased 96 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.95) per share, with a total value of £303.36 ($378.77). Also, insider David Fineberg acquired 124 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average cost of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Over the last 90 days, insiders have purchased 322 shares of company stock valued at $90,026. Corporate 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.