CMC Markets (LON:CMCX) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Posted by Marion Hillson on Jan 5th, 2025

CMC Markets Plc (LON:CMCX – Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 285.74 ($3.55) and traded as low as GBX 242.50 ($3.01). CMC Markets shares last traded at GBX 246 ($3.06), with a volume of 165,867 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “hold” rating on shares of CMC Markets in a research report on Thursday, November 21st.

Get Our Latest Report on CMCX

CMC Markets Price Performance

The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The firm’s fifty day moving average price is GBX 285.74 and its 200-day moving average price is GBX 303.79. The stock has a market cap of £688.36 million, a P/E ratio of 1,447.06 and a beta of 0.51.

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Albert Soleiman acquired 96 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.93) per share, for a total transaction of £303.36 ($376.84). In the last ninety days, insiders purchased 296 shares of company stock worth $89,712. 64.79% of the stock is currently owned by corporate insiders.

About CMC Markets

(Get Free Report)

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.