CMC Markets (LON:CMCX) Shares Down 17.9% - Here's What Happened

Shares of CMC Markets Plc (LON:CMCX - Get Free Report) traded down 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 changed hands 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).

Analyst Ratings Changes

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

CMC Markets Stock Performance

The firm has a market cap of £617.00 million, a P/E ratio of 1,297.06 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00. The business's 50-day simple moving average is GBX 268.43 and its 200 day simple moving average is GBX 299.21.

CMC Markets (LON:CMCX - Get Free Report) last announced 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%. As a group, equities analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current 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 paid a GBX 3.10 ($0.04) dividend. This represents a dividend yield of 0.92%. The ex-dividend date was Thursday, December 5th. CMC Markets's dividend payout ratio (DPR) is currently 4,705.88%.

Insider Activity at CMC Markets

In other news, insider Albert Soleiman bought 102 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of GBX 291 ($3.59) per share, for a total transaction of £296.82 ($366.63). Also, insider David Fineberg bought 124 shares of the stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of GBX 242 ($2.99) per share, with a total value of £300.08 ($370.65). In the last ninety days, insiders purchased 322 shares of company stock worth $90,026. 64.79% of the stock is owned by company 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.