CMC Markets (LON:CMCX) Trading Down 16.8% – What’s Next?

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

Analysts Set New Price Targets

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

CMC Markets Stock Down 16.8 %

The firm’s fifty day simple moving average is GBX 268.43 and its 200 day simple moving average is GBX 299.21. The company has a market cap of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51. The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95.

CMC Markets (LON:CMCX) last issued its earnings results 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%. Sell-side analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Cuts Dividend

The firm also recently announced 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. 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 (DPR) is presently 4,705.88%.

Insider Buying and Selling

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