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

CMC Markets Plc (LON:CMCX - Get Free Report) shares were down 16.8% during trading on Thursday . The stock traded as low as GBX 213 ($2.62) and last traded at GBX 220.50 ($2.71). 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 ($3.26).

Analyst Upgrades and Downgrades

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

CMC Markets Trading 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 stock has a 50-day simple moving average of GBX 268.43 and a 200 day simple moving average of GBX 299.21. The company has a market cap of £617.00 million, a price-to-earnings ratio of 1,297.06 and a beta of 0.51.

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, equities research analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th were issued 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 dividend payout ratio (DPR) is presently 4,705.88%.

Insider Transactions at CMC Markets

In other CMC Markets news, insider David Fineberg purchased 124 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of GBX 242 ($2.98) per share, for a total transaction of £300.08 ($369.42). Also, insider Albert Soleiman purchased 96 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of GBX 316 ($3.89) per share, for a total transaction of £303.36 ($373.46). Insiders have purchased 322 shares of company stock worth $90,026 over the last quarter. 64.79% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.