CMC Markets (LON:CMCX) Trading Down 17.1% – What’s Next?

CMC Markets Plc (LON:CMCX) dropped 17.1% during mid-day trading on Thursday . The company traded as low as GBX 213 ($2.62) and last traded at GBX 219.62 ($2.70). Approximately 2,010,657 shares changed hands during mid-day trading, an increase of 112% from the average daily volume of 949,031 shares. The stock had previously closed at GBX 265 ($3.26).

Wall Street Analysts Forecast Growth

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

CMC Markets Stock Down 16.8 %

The company’s 50-day simple moving average is GBX 269.59 and its 200 day simple moving average is GBX 299.73. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The firm has a market cap of £617.00 million, a P/E 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) earnings per share (EPS) for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. Research analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal 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 is presently 4,705.88%.

Insider Buying and Selling at CMC Markets

In other CMC Markets news, insider Albert Soleiman bought 102 shares of CMC Markets stock in a transaction on Thursday, December 5th. The shares were 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 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). Insiders have bought 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.