CMC Markets (LON:CMCX) Stock Price Down 17.9% – Here’s What Happened

CMC Markets Plc (LON:CMCX)’s share price fell 17.9% during trading on Thursday . The stock traded as low as GBX 217.50 ($2.72) and last traded at GBX 217.50 ($2.72). 1,458,474 shares changed hands during mid-day trading, an increase of 59% from the average session volume of 914,520 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 research report on Thursday.

CMC Markets Trading Up 0.2 %

The stock 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 has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The business has a 50-day moving average of GBX 264.66 and a 200-day moving average of GBX 297.73.

CMC Markets (LON:CMCX) last released 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, 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 paid a GBX 3.10 ($0.04) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 0.92%. CMC Markets’s payout ratio is presently 4,705.88%.

Insider Transactions at CMC Markets

In other news, insider Albert Soleiman purchased 102 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.61). Also, insider David Fineberg purchased 124 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Over the last ninety days, insiders have acquired 322 shares of company stock worth $90,026. Company insiders own 64.79% of the company’s stock.

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.