CMC Markets (LON:CMCX) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

CMC Markets Plc (LON:CMCX) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 269.59 ($3.32) and traded as low as GBX 263 ($3.24). CMC Markets shares last traded at GBX 265 ($3.26), with a volume of 269,828 shares.

Wall Street Analyst Weigh In

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

CMC Markets Trading Down 10.0 %

The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95. The firm’s 50-day moving average is GBX 269.59 and its 200-day moving average is GBX 299.73. The firm has a market cap of £667.59 million, a price-to-earnings ratio of 1,403.41 and a beta of 0.51.

CMC Markets (LON:CMCX) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. As a group, sell-side analysts anticipate 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. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 0.92%. The ex-dividend date of this dividend was Thursday, December 5th. CMC Markets’s dividend payout ratio is 4,705.88%.

Insider Activity

In other CMC Markets news, insider Albert Soleiman bought 96 shares of CMC Markets stock in a transaction dated Tuesday, November 5th. The stock was bought 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 acquired at an average price of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). Insiders bought a total of 322 shares of company stock worth $90,026 over the last quarter. Insiders own 64.79% of the company’s stock.

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.