CMC Markets (LON:CMCX) Stock Price Down 17.9% – Time to Sell?

CMC Markets Plc (LON:CMCX)’s share price was down 17.9% during mid-day trading on Thursday . The stock traded as low as GBX 217.50 ($2.68) and last traded at GBX 217.50 ($2.68). Approximately 1,458,474 shares were traded during trading, an increase of 59% from the average daily volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.26).

Analysts Set New Price Targets

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

CMC Markets Price Performance

The firm’s 50-day moving average is GBX 269.59 and its two-hundred day moving average is GBX 299.73. The company has a market cap of £608.61 million, a P/E ratio of 1,279.41 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47.

CMC Markets (LON:CMCX) last posted its quarterly earnings data 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%. Analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insider Activity

In related news, insider Albert Soleiman bought 96 shares of the stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of GBX 316 ($3.89) per share, with a total value of £303.36 ($373.46). Also, insider David Fineberg bought 124 shares of the stock in a transaction dated Monday, January 6th. The shares were bought at an average cost of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Over the last ninety days, insiders purchased 322 shares of company stock valued at $90,026. 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.