CMC Markets (LON:CMCX) Stock Price Down 8% – Should You Sell?

Shares of CMC Markets Plc (LON:CMCX) traded down 8% on Thursday . The stock traded as low as GBX 231.66 ($2.89) and last traded at GBX 243.75 ($3.04). 508,483 shares traded hands during trading, a decline of 41% from the average session volume of 855,145 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 Stock Up 0.2 %

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 firm’s fifty day simple moving average is GBX 264.66 and its 200 day simple moving average is GBX 297.73. The stock 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) EPS for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. On average, sell-side 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 GBX 3.10 ($0.04) dividend. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, December 5th. CMC Markets’s dividend payout ratio is presently 4,705.88%.

Insider Buying and Selling

In related news, insider Albert Soleiman acquired 102 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of GBX 291 ($3.63) per share, for a total transaction of £296.82 ($370.61). Also, insider David Fineberg acquired 124 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was bought at an average cost of GBX 242 ($3.02) per share, with a total value of £300.08 ($374.68). Over the last 90 days, insiders acquired 322 shares of company stock worth $90,026. 64.79% of the stock is owned by 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.