CMC Markets (LON:CMCX) Stock Price Down 17.9% – Here’s Why

CMC Markets Plc (LON:CMCXGet Free Report)’s stock price traded down 17.9% during mid-day trading on Thursday . The company traded as low as GBX 217.50 ($2.72) and last traded at GBX 217.50 ($2.72). 1,458,474 shares changed hands during mid-day trading, an increase of 59% from the average session volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.31).

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on CMC Markets

CMC Markets Trading Up 0.2 %

The stock has a market cap of £618.40 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.51. The business’s fifty day simple moving average is GBX 264.66 and its 200 day simple moving average is GBX 297.73. The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47.

CMC Markets (LON:CMCXGet Free Report) last released its quarterly earnings data on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. On average, research analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 5th were paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s payout ratio is currently 4,705.88%.

Insider Transactions at CMC Markets

In other CMC Markets news, insider Albert Soleiman acquired 96 shares of CMC Markets stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of GBX 316 ($3.95) per share, for a total transaction of £303.36 ($378.77). Also, insider David Fineberg acquired 124 shares of the stock in a transaction dated Monday, January 6th. The stock was acquired at an average cost of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). Over the last quarter, insiders bought 322 shares of company stock worth $90,026. Insiders own 64.79% of the company’s stock.

About CMC Markets

(Get Free Report)

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.

Further Reading

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