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

CMC Markets Plc (LON:CMCX - Get Free Report)'s share price was down 16.8% during mid-day 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 Upgrades and Downgrades

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

CMC Markets Stock Performance

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 firm has a market cap of £618.40 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.51. The stock has a 50 day moving average of GBX 268.43 and a 200 day moving average of GBX 299.21.

CMC Markets (LON:CMCX - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported GBX 12.80 ($0.16) EPS for the quarter. CMC Markets had a return on equity of 12.06% and a net margin of 14.17%. As a group, analysts anticipate 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. Investors of record on Thursday, December 5th were issued a GBX 3.10 ($0.04) dividend. This represents a yield of 0.92%. The ex-dividend date of this dividend was Thursday, December 5th. CMC Markets's payout ratio is presently 4,705.88%.

Insider Activity at CMC Markets

In related news, insider Albert Soleiman bought 96 shares of CMC Markets stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of GBX 316 ($3.90) per share, for a total transaction of £303.36 ($374.70). Also, insider David Fineberg purchased 124 shares of the business's stock in a transaction on Monday, January 6th. The shares were acquired at an average price of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Insiders have purchased 322 shares of company stock worth $90,026 over the last ninety days. 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.