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

CMC Markets Plc (LON:CMCX)’s share price was down 17.1% during mid-day trading on Thursday . The stock traded as low as GBX 213 ($2.66) and last traded at GBX 219.62 ($2.74). Approximately 2,010,657 shares were traded 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 ($3.31).

Analysts Set New Price Targets

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

CMC Markets Trading Up 0.2 %

The company has a market cap of £618.40 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.51. The company’s 50 day moving average price is GBX 264.66 and its 200 day moving average price is GBX 297.73. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

CMC Markets (LON:CMCX) last posted its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share 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 year.

CMC Markets Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 5th were issued 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 news, insider David Fineberg acquired 124 shares of the firm’s stock in a transaction dated 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 ($374.68). Also, insider Albert Soleiman bought 96 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of GBX 316 ($3.95) per share, with a total value of £303.36 ($378.77). In the last three months, insiders have bought 322 shares of company stock worth $90,026. 64.79% of the stock is owned by 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.