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CMC Markets (LON:CMCX) Shares Down 17.4% - Time to Sell?

CMC Markets logo with Financial Services background

CMC Markets Plc (LON:CMCX - Get Free Report) shares were down 17.4% during 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 were traded 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 Down 17.4%

The company has a debt-to-equity ratio of 4.19, a quick ratio of 2.47 and a current ratio of 2.18. The stock has a market cap of £652.95 million, a price-to-earnings ratio of 1.98 and a beta of 0.51. The business's 50 day moving average is GBX 245.05 and its 200 day moving average is GBX 241.49.

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

CMC Markets Increases Dividend

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

Insider Buying and Selling

In other news, insider David Fineberg acquired 148,952 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of GBX 215 ($2.92) per share, with a total value of £320,246.80 ($434,881.59). 64.79% of the stock is owned by insiders.

CMC Markets Company Profile

(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.

See Also

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