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

CMC Markets Plc (LON:CMCX)’s share price fell 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). 1,458,474 shares were traded during trading, an increase of 59% from the average session volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.26).

Wall Street Analysts Forecast Growth

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

CMC Markets Trading Down 17.9 %

The firm has a market capitalization of £608.61 million, a PE ratio of 1,279.41 and a beta of 0.51. The company’s 50-day moving average price is GBX 269.59 and its 200-day moving average price is GBX 299.73. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

CMC Markets (LON:CMCX) last announced its quarterly earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. On average, sell-side analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The business also recently declared 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 of this dividend was Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s dividend payout ratio (DPR) is presently 4,705.88%.

Insider Activity at CMC Markets

In other CMC Markets news, insider Albert Soleiman bought 102 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of GBX 291 ($3.58) per share, for a total transaction of £296.82 ($365.41). Also, insider David Fineberg bought 124 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average price of GBX 242 ($2.98) per share, with a total value of £300.08 ($369.42). Insiders purchased a total of 322 shares of company stock valued at $90,026 over the last ninety days. 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.