CMC Markets (LON:CMCX) Stock Price Down 17.9% - Should You Sell?

CMC Markets Plc (LON:CMCX - Get Free Report)'s share price fell 17.9% on Thursday . The stock traded as low as GBX 217.50 ($2.69) and last traded at GBX 217.50 ($2.69). 1,458,474 shares were traded 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 ($3.27).

Analysts Set New Price Targets

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

CMC Markets Stock Down 16.8 %

The company has a current ratio of 2.00, a quick ratio of 2.47 and a debt-to-equity ratio of 5.95. The firm has a market cap of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51. The firm's 50 day simple moving average is GBX 268.43 and its two-hundred day simple moving average is GBX 299.21.

CMC Markets (LON:CMCX - Get Free Report) last released its quarterly earnings results 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, equities analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Activity

In related news, insider David Fineberg purchased 124 shares of CMC Markets stock in a transaction dated Monday, January 6th. The shares were bought at an average cost of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Also, insider Albert Soleiman acquired 96 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of GBX 316 ($3.90) per share, with a total value of £303.36 ($374.70). In the last ninety days, insiders bought 322 shares of company stock worth $90,026. 64.79% of the stock is currently owned by corporate insiders.

About CMC Markets

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.