CMC Markets (LON:CMCX) Shares Down 16.8% - Time to Sell?

CMC Markets Plc (LON:CMCX - Get Free Report)'s stock price was down 16.8% during mid-day trading on Friday . The company traded as low as GBX 213 ($2.66) and last traded at GBX 220.50 ($2.75). Approximately 2,236,680 shares were traded during mid-day trading, an increase of 132% from the average daily volume of 963,157 shares. The stock had previously closed at GBX 265 ($3.31).

Analysts Set New Price Targets

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

CMC Markets Trading Up 0.2 %

The stock's 50 day simple moving average is GBX 264.66 and its two-hundred day simple moving average is GBX 297.73. The stock has a market capitalization of £618.40 million, a PE ratio of 1,300.00 and a beta of 0.51. 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 released its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) earnings per share (EPS) for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. On average, sell-side analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

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

Insider Activity

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