CMC Markets (LON:CMCX) Stock Price Down 6.5% – Here’s What Happened

Shares of CMC Markets Plc (LON:CMCX) were down 6.5% during mid-day trading on Tuesday . The stock traded as low as GBX 194.84 ($2.46) and last traded at GBX 197.81 ($2.50). Approximately 243,265 shares changed hands during trading, a decline of 54% from the average daily volume of 523,826 shares. The stock had previously closed at GBX 211.50 ($2.67).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “hold” rating on shares of CMC Markets in a research note on Thursday, January 23rd.

CMC Markets Stock Performance

The firm has a 50 day simple moving average of GBX 237.34 and a 200-day simple moving average of GBX 283.03. The company has a debt-to-equity ratio of 4.19, a current ratio of 2.18 and a quick ratio of 2.47. The company has a market cap of £558.48 million, a price-to-earnings ratio of 1.70 and a beta of 0.51.

Insider Transactions at CMC Markets

In other news, insider David Fineberg purchased 132 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of GBX 226 ($2.85) per share, for a total transaction of £298.32 ($376.48). Also, insider Albert Soleiman purchased 102 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of GBX 291 ($3.67) per share, with a total value of £296.82 ($374.58). Insiders bought a total of 358 shares of company stock worth $89,522 over the last ninety days. 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.