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

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

Analysts Set New Price Targets

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

CMC Markets Stock Up 0.2 %

The company has a 50-day moving average of GBX 264.66 and a two-hundred day moving average of GBX 297.73. The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The company has a market capitalization of £618.40 million, a P/E ratio of 1,300.00 and a beta of 0.51.

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

Insiders Place Their Bets

In other news, insider Albert Soleiman purchased 102 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of GBX 291 ($3.63) per share, with a total value of £296.82 ($370.61). Also, insider David Fineberg purchased 124 shares of the company's stock in a transaction dated Monday, January 6th. The stock was purchased at an average price of GBX 242 ($3.02) per share, for a total transaction of £300.08 ($374.68). In the last quarter, insiders acquired 322 shares of company stock valued at $90,026. Corporate insiders own 64.79% of the company's stock.

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.