CMC Markets (LON:CMCX) Stock Price Down 17.9% – Here’s Why

CMC Markets Plc (LON:CMCX)’s share price fell 17.9% during trading on Thursday . The company traded as low as GBX 217.50 ($2.72) and last traded at GBX 217.50 ($2.72). 1,458,474 shares changed hands during trading, an increase of 59% from the average session volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.31).

Wall Street Analyst Weigh In

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

CMC Markets Trading Up 0.2 %

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

CMC Markets (LON:CMCX) last issued 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 return on equity of 12.06% and a net margin of 14.17%. As a group, equities analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In other news, insider David Fineberg purchased 124 shares of the stock in a transaction on Monday, January 6th. The shares were acquired at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Also, insider Albert Soleiman acquired 102 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.61). Insiders bought 322 shares of company stock valued at $90,026 over the last ninety days. 64.79% of the stock is currently owned by 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.