CMC Markets (LON:CMCX) Stock Price Down 17.9% - Here's Why

Shares of CMC Markets Plc (LON:CMCX - Get Free Report) fell 17.9% during mid-day trading 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 were traded during trading, an increase of 59% from the average session volume of 914,520 shares. The stock had previously closed at GBX 265 ($3.27).

Wall Street Analyst Weigh In

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

CMC Markets Stock Down 16.8 %

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 stock has a 50 day moving average of GBX 268.43 and a 200-day moving average of GBX 299.21. The firm has a market capitalization of £617.00 million, a P/E ratio of 1,297.06 and a beta of 0.51.

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 for the quarter. CMC Markets had a net margin of 14.17% and a return on equity of 12.06%. Research analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 5th were paid a dividend of GBX 3.10 ($0.04) per share. 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%.

Insider Transactions at CMC Markets

In other news, insider David Fineberg purchased 124 shares of the business's stock in a transaction dated Monday, January 6th. The stock was bought at an average cost of GBX 242 ($2.99) per share, with a total value of £300.08 ($370.65). Also, insider Albert Soleiman acquired 102 shares of CMC Markets stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of GBX 291 ($3.59) per share, with a total value of £296.82 ($366.63). Over the last quarter, insiders have acquired 322 shares of company stock valued at $90,026. 64.79% of the stock is currently owned by corporate 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.