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CMC Markets (LON:CMCX) Share Price Crosses Below 50 Day Moving Average - Here's What Happened

CMC Markets logo with Financial Services background

Key Points

  • CMC Markets' stock price fell below its 50-day moving average of GBX 238.03, reaching a low of GBX 219.50 during trading.
  • The company reported a return on equity of 86.11% and a net margin of 95.92% in its latest earnings announcement.
  • Recent insider trades indicate heavy selling, with insiders selling over 212,238 shares valued at approximately £52 million in the last ninety days, while owning 64.20% of the stock.
  • MarketBeat previews the top five stocks to own by October 1st.

CMC Markets Plc (LON:CMCX - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 238.03 ($3.19) and traded as low as GBX 219.50 ($2.94). CMC Markets shares last traded at GBX 219.50 ($2.94), with a volume of 720,771 shares trading hands.

CMC Markets Trading Down 1.4%

The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19. The company has a market cap of £594.02 million, a P/E ratio of 964.60 and a beta of 0.51. The business has a 50-day moving average price of GBX 236.80 and a two-hundred day moving average price of GBX 235.71.

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

Insider Buying and Selling at CMC Markets

In other CMC Markets news, insider David Fineberg acquired 132 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of GBX 231 per share, for a total transaction of £304.92. Also, insider Laurence Booth sold 15,827 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of GBX 242, for a total transaction of £38,301.34. In the last 90 days, insiders have purchased 374 shares of company stock worth $90,236 and have sold 212,238 shares worth $52,103,795. 64.20% of the stock is owned by company insiders.

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.

Further Reading

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