CMC Markets (LON:CMCX) Shares Up 1.8% - Still a Buy?

Key Points

• CMC Markets Plc increased by 1.8% in trading on Monday, with shares last priced at GBX 228 ($3.03) after reaching a high of GBX 229.50 ($3.05).
• The company reported a PE ratio of 1.92 and a remarkable return on equity of 86.11% in its latest quarterly earnings.
• Insiders have recently sold over 212,000 shares of the stock, which raises questions about their confidence in the company's future performance.

CMC Markets Plc (LON:CMCX - Get Free Report)'s stock price traded up 1.8% during mid-day trading on Monday . The stock traded as high as GBX 229.50 ($3.09) and last traded at GBX 228 ($3.07). 238,477 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 621,674 shares. The stock had previously closed at GBX 224 ($3.01).

CMC Markets Trading Up 0.7%

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 company has a fifty day simple moving average of GBX 247.90 and a 200-day simple moving average of GBX 235.70. The company has a market capitalization of £644.61 million, a PE ratio of 1.96 and a beta of 0.51.

CMC Markets (LON:CMCX - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported GBX 22.60 ($0.30) earnings per share (EPS) for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. Analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current year.

Insider Activity at CMC Markets

In related news, insider Laurence Booth sold 15,827 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of GBX 242 ($3.25), for a total transaction of £38,301.34 ($51,507.99). Also, insider David Fineberg acquired 132 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of GBX 231 ($3.11) per share, with a total value of £304.92 ($410.06). In the last quarter, insiders have bought 374 shares of company stock valued at $90,236 and have sold 212,238 shares valued at $52,103,795. Company insiders own 64.79% of the company's stock.

CMC Markets Company Profile

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.