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

Shares of CMC Markets Plc (LON:CMCX) were down 17.9% during mid-day trading on Thursday . The stock traded as low as GBX 217.50 ($2.72) and last traded at GBX 217.50 ($2.72). Approximately 1,458,474 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.31).

Analyst Ratings Changes

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

CMC Markets Trading Up 0.2 %

The company’s fifty day moving average is GBX 264.66 and its two-hundred day moving average is GBX 297.73. 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 stock 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 posted its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. On average, research analysts predict 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. Investors of record on Thursday, December 5th were given a GBX 3.10 ($0.04) dividend. The ex-dividend date was Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s payout ratio is currently 4,705.88%.

Insider Activity

In related news, insider David Fineberg purchased 124 shares of CMC Markets stock in a transaction dated Monday, January 6th. The stock was bought at an average cost of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Also, insider Albert Soleiman acquired 96 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of GBX 316 ($3.95) per share, with a total value of £303.36 ($378.77). Insiders acquired 322 shares of company stock valued at $90,026 in the last three months. 64.79% of the stock is currently owned by company 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.