CMC Markets (LON:CMCX) Stock Price Down 16.8% – Here’s Why

CMC Markets Plc (LON:CMCX) shares dropped 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). Approximately 2,236,680 shares traded hands during mid-day trading, an increase of 132% from the average daily 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 Trading Up 3.4 %

The firm has a market cap of £637.99 million, a price-to-earnings ratio of 1,341.18 and a beta of 0.51. The firm’s 50-day moving average is GBX 268.43 and its 200-day moving average is GBX 299.21. 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 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 net margin of 14.17% and a return on equity of 12.06%. As a group, sell-side analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

The business 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. 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 Activity

In other news, insider David Fineberg acquired 124 shares of the firm’s stock in a transaction 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 96 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of GBX 316 ($3.90) per share, for a total transaction of £303.36 ($374.70). Insiders have purchased 322 shares of company stock worth $90,026 over the last 90 days. 64.79% of the stock is currently owned by corporate 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.