CMC Markets (LON:CMCX) Stock Price Down 16.8% – What’s Next?

CMC Markets Plc (LON:CMCX) fell 16.8% during mid-day trading on Friday . The company traded as low as GBX 213 ($2.66) and last traded at GBX 220.50 ($2.75). 2,236,680 shares changed hands during trading, an increase of 132% from the average session volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.31).

Wall Street Analyst Weigh In

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

CMC Markets Price Performance

The firm has a market capitalization of £618.40 million, a P/E ratio of 1,300.00 and a beta of 0.51. The firm’s 50 day simple moving average is GBX 264.66 and its two-hundred day simple moving average is GBX 297.47. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47.

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%. As a group, analysts predict 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 dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 0.92%. The ex-dividend date was Thursday, December 5th. CMC Markets’s dividend payout ratio is currently 4,705.88%.

Insider Activity at CMC Markets

In other CMC Markets news, insider Albert Soleiman acquired 96 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of GBX 316 ($3.94) per share, for a total transaction of £303.36 ($378.68). Also, insider David Fineberg acquired 124 shares of the business’s stock in a transaction on Monday, January 6th. The stock was acquired at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.58). Insiders have purchased 322 shares of company stock worth $90,026 over the last 90 days. 64.79% of the stock is owned by company 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.