CMC Markets (LON:CMCX) Trading Down 16.8% – Should You Sell?

Shares of CMC Markets Plc (LON:CMCX) fell 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). 2,236,680 shares were traded during mid-day 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 restated a “hold” rating on shares of CMC Markets in a research note on Thursday.

CMC Markets Stock 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 company has a 50-day moving average price of GBX 264.66 and a 200-day moving average price of GBX 297.47. The firm has a market capitalization of £618.40 million, a price-to-earnings ratio of 1,300.00 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%. As a group, equities research analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were given a dividend of GBX 3.10 ($0.04) per share. 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 presently 4,705.88%.

Insiders Place Their Bets

In related news, insider David Fineberg purchased 124 shares of the company’s stock in a transaction on Monday, January 6th. The shares were bought at an average price of GBX 242 ($3.02) per share, with a total value of £300.08 ($374.58). Also, insider Albert Soleiman purchased 102 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.52). Insiders bought 322 shares of company stock worth $90,026 over the last ninety days. Company 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.