Shares of CMC Markets Plc (LON:CMCX - Get Free Report) were down 14.8% on Friday . The stock traded as low as GBX 281 ($3.54) and last traded at GBX 288.50 ($3.63). Approximately 2,103,359 shares changed hands during trading, an increase of 332% from the average daily volume of 486,937 shares. The stock had previously closed at GBX 338.50 ($4.26).
Analyst Ratings Changes
Separately, Shore Capital restated a "hold" rating on shares of CMC Markets in a report on Thursday.
Get Our Latest Stock Report on CMC Markets
CMC Markets Stock Performance
The company has a market cap of £738.72 million, a price-to-earnings ratio of 1,585.29 and a beta of 0.51. The firm has a 50-day simple moving average of GBX 313.30 and a 200 day simple moving average of GBX 304.62. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95.
CMC Markets Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 0.92%. The ex-dividend date is Thursday, December 5th. CMC Markets's dividend payout ratio (DPR) is 4,705.88%.
Insiders Place Their Bets
In related news, insider David Fineberg sold 13,711 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of GBX 317 ($3.99), for a total transaction of £43,463.87 ($54,719.72). Also, insider Albert Soleiman acquired 96 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of GBX 316 ($3.98) per share, for a total transaction of £303.36 ($381.92). Insiders have bought a total of 288 shares of company stock valued at $89,922 over the last quarter. Company insiders own 64.79% of the company's stock.
About CMC Markets
(
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CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.
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