CMC Markets (LON:CMCX) Trading Down 12.7% – Time to Sell?

Shares of CMC Markets Plc (LON:CMCX) were down 12.7% during mid-day trading on Thursday . The stock traded as low as GBX 231 ($3.13) and last traded at GBX 248.50 ($3.36). Approximately 9,200,290 shares were traded during trading, an increase of 1,235% from the average daily volume of 689,328 shares. The stock had previously closed at GBX 284.50 ($3.85).

CMC Markets Stock Performance

The company’s 50 day moving average price is GBX 245.78 and its 200-day moving average price is GBX 241.52. The company has a debt-to-equity ratio of 4.19, a quick ratio of 2.47 and a current ratio of 2.18. The company has a market cap of £686.29 million, a PE ratio of 2.08 and a beta of 0.51.

CMC Markets (LON:CMCX) last issued its quarterly earnings results on Thursday, June 5th. The company reported GBX 22.60 ($0.31) earnings per share (EPS) for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. Equities research analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 27th were paid a dividend of GBX 17.60 ($0.24) per share. The ex-dividend date was Thursday, March 27th. This represents a dividend yield of 2.12%. This is a positive change from CMC Markets’s previous dividend of $3.10. CMC Markets’s dividend payout ratio (DPR) is presently 6.75%.

Insider Transactions at CMC Markets

In other CMC Markets news, insider David Fineberg acquired 124 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of GBX 242 ($3.27) per share, with a total value of £300.08 ($405.95). 64.79% of the stock is currently owned by company 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.