CMC Markets (LON:CMCX) Shares Down 17% – Should You Sell?

CMC Markets Plc (LON:CMCX)’s share price was down 17% on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 220.03 ($2.71). Approximately 2,050,548 shares were traded during mid-day trading, an increase of 116% from the average daily volume of 951,524 shares. The stock had previously closed at GBX 265 ($3.26).

Analysts Set New Price Targets

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

CMC Markets Stock Performance

The firm’s 50 day moving average price is GBX 269.59 and its two-hundred 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. The firm has a market cap of £617.00 million, a PE ratio of 1,297.06 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 net margin of 14.17% and a return on equity of 12.06%. On average, research analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In other CMC Markets news, insider David Fineberg bought 124 shares of CMC Markets stock in a transaction on Monday, January 6th. The shares were bought at an average cost of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). Also, insider Albert Soleiman purchased 102 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of GBX 291 ($3.58) per share, with a total value of £296.82 ($365.41). Insiders have acquired a total of 322 shares of company stock worth $90,026 in the last ninety days. 64.79% of the stock is owned by corporate insiders.

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.