CMC Markets (LON:CMCX) Shares Down 16.8% – Here’s What Happened

CMC Markets Plc (LON:CMCX) fell 16.8% during trading on Friday . The stock traded as low as GBX 213 ($2.63) and last traded at GBX 220.50 ($2.72). 2,236,680 shares changed hands during trading, an increase of 132% from the average session volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.27).

Analyst Ratings Changes

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

CMC Markets Trading Up 3.4 %

The firm has a 50-day simple moving average of GBX 268.43 and a 200-day simple moving average of GBX 299.21. 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 stock has a market cap of £637.99 million, a PE ratio of 1,341.18 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%. Equities analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The company 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. 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 (DPR) is currently 4,705.88%.

Insider Buying and Selling

In other CMC Markets news, insider David Fineberg bought 124 shares of CMC Markets stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average cost of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Also, insider Albert Soleiman purchased 102 shares of the stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of GBX 291 ($3.59) per share, for a total transaction of £296.82 ($366.63). In the last 90 days, insiders have bought 322 shares of company stock valued at $90,026. 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.