CMC Markets (LON:CMCX) Stock Price Down 16.8% – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

CMC Markets Stock Performance

The company’s 50 day simple moving average is GBX 268.43 and its 200 day simple moving average is GBX 299.21. The stock has a market cap of £617.00 million, a PE ratio of 1,297.06 and a beta of 0.51. 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 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%. Analysts expect 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 issued a GBX 3.10 ($0.04) dividend. This represents a dividend yield of 0.92%. The ex-dividend date was Thursday, December 5th. CMC Markets’s payout ratio is currently 4,705.88%.

Insiders Place Their Bets

In related news, insider Albert Soleiman purchased 96 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of GBX 316 ($3.90) per share, with a total value of £303.36 ($374.70). Also, insider David Fineberg bought 124 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average cost of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Insiders bought a total of 322 shares of company stock valued at $90,026 over the last quarter. 64.79% of the stock is owned by corporate 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.