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

CMC Markets logo with Financial Services background

CMC Markets Plc (LON:CMCX - Get Free Report)'s share price traded down 17.9% during trading on Thursday . The company 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).

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on CMC Markets

CMC Markets Price Performance

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 firm has a fifty day simple moving average of GBX 268.43 and a 200 day simple moving average of GBX 299.21. The company has a market capitalization of £617.00 million, a PE ratio of 1,297.06 and a beta of 0.51.

CMC Markets (LON:CMCX - Get Free Report) last released its quarterly 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%. Equities analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current year.

CMC Markets Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 0.92%. The ex-dividend date was Thursday, December 5th. CMC Markets's dividend payout ratio (DPR) is presently 4,705.88%.

Insider Transactions at CMC Markets

In related news, insider Albert Soleiman acquired 102 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of GBX 291 ($3.59) per share, for a total transaction of £296.82 ($366.63). Also, insider David Fineberg purchased 124 shares of the company's stock in a transaction dated Monday, January 6th. The stock was purchased at an average cost of GBX 242 ($2.99) per share, for a total transaction of £300.08 ($370.65). Over the last 90 days, insiders have bought 322 shares of company stock worth $90,026. Corporate insiders own 64.79% of the company's stock.

About CMC Markets

(Get Free Report)

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.

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