CMC Markets (LON:CMCX) Stock Price Down 17.4% - What's Next?

CMC Markets Plc (LON:CMCX - Get Free Report) shares were down 17.4% during mid-day trading on Thursday . The stock traded as low as GBX 231 ($3.14) and last traded at GBX 235 ($3.19). Approximately 2,328,894 shares changed hands during mid-day trading, an increase of 273% from the average daily volume of 625,109 shares. The stock had previously closed at GBX 284.50 ($3.86).

CMC Markets Stock Performance

The company has a current ratio of 2.18, a quick ratio of 2.47 and a debt-to-equity ratio of 4.19. The stock has a market cap of £686.29 million, a P/E ratio of 2.08 and a beta of 0.51. The stock has a 50 day simple moving average of GBX 245.05 and a 200 day simple moving average of GBX 241.49.

CMC Markets (LON:CMCX - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported GBX 22.60 ($0.31) earnings per share for the quarter. CMC Markets had a return on equity of 86.11% and a net margin of 95.92%. On average, equities analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 27th were paid a GBX 17.60 ($0.24) dividend. This represents a yield of 2.12%. This is a boost from CMC Markets's previous dividend of $3.10. The ex-dividend date of this dividend was Thursday, March 27th. CMC Markets's dividend payout ratio is presently 6.75%.

Insider Activity at CMC Markets

In other CMC Markets news, insider David Fineberg bought 118 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of GBX 255 ($3.46) per share, for a total transaction of £300.90 ($408.61). 64.79% of the stock is owned by 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.