CMC Markets (LON:CMCX) Trading Down 16.8% - Here's What Happened

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

Analyst Ratings Changes

Separately, Shore Capital restated a "hold" rating on shares of CMC Markets in a research note on Thursday.

CMC Markets Price Performance

The stock has a market capitalization of £618.40 million, a PE ratio of 1,300.00 and a beta of 0.51. The firm's 50 day simple moving average is GBX 268.43 and its 200 day simple moving average is GBX 299.21. 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:CMCX - Get Free Report) last announced 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 return on equity of 12.06% and a net margin of 14.17%. As a group, equities analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

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

Insider Activity at CMC Markets

In other CMC Markets news, insider David Fineberg acquired 124 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of GBX 242 ($2.99) per share, with a total value of £300.08 ($370.65). Also, insider Albert Soleiman acquired 96 shares of the business's stock in a transaction on 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 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.