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

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “hold” rating on shares of CMC Markets in a research note 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 company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00. The business has a 50 day simple moving average of GBX 264.66 and a two-hundred day simple moving average of GBX 297.47.

CMC Markets (LON:CMCX) last announced 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%. On average, sell-side analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Albert Soleiman bought 102 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.52). Also, insider David Fineberg bought 124 shares of the stock in a transaction dated Monday, January 6th. The stock was purchased at an average price of GBX 242 ($3.02) per share, with a total value of £300.08 ($374.58). In the last 90 days, insiders acquired 322 shares of company stock worth $90,026. 64.79% of the stock is currently owned by company insiders.

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.