CMC Markets (LON:CMCX) Trading Down 14.8% – Should You Sell?

Posted by Defense World Staff on Nov 24th, 2024

Shares of CMC Markets Plc (LON:CMCX – Get Free Report) dropped 14.8% during trading on Friday . The stock traded as low as GBX 281 ($3.52) and last traded at GBX 288.50 ($3.62). Approximately 2,103,359 shares traded hands during trading, an increase of 332% from the average daily volume of 486,937 shares. The stock had previously closed at GBX 338.50 ($4.24).

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on CMCX

CMC Markets Price Performance

The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The firm’s 50-day moving average is GBX 312.49 and its 200-day moving average is GBX 304.69. The company has a market cap of £738.72 million, a PE ratio of 1,552.94 and a beta of 0.51.

CMC Markets Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, December 5th. CMC Markets’s dividend payout ratio (DPR) is presently 4,705.88%.

Insider Buying and Selling

In other news, insider David Fineberg sold 13,711 shares of CMC Markets stock in a transaction on Friday, August 30th. The stock was sold at an average price of GBX 317 ($3.97), for a total transaction of £43,463.87 ($54,486.49). Also, insider Albert Soleiman acquired 96 shares of CMC Markets stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of GBX 316 ($3.96) per share, with a total value of £303.36 ($380.29). In the last quarter, insiders have purchased 288 shares of company stock valued at $89,922. 64.79% of the stock is owned by corporate insiders.

CMC Markets Company Profile

(Get Free Report)

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.