CMC Markets (LON:CMCX) Stock Price Down 17.4% - Here's Why

CMC Markets Plc (LON:CMCX - Get Free Report) shares fell 17.4% during mid-day trading on Thursday . The company traded as low as GBX 231 ($3.13) and last traded at GBX 235 ($3.18). 2,324,695 shares were traded during trading, an increase of 272% from the average session volume of 625,070 shares. The stock had previously closed at GBX 284.50 ($3.85).

CMC Markets Trading Up 5.1%

The stock has a fifty day moving average of GBX 245.78 and a 200-day moving average of GBX 241.52. 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 company has a market cap of £686.29 million, a PE ratio of 2.08 and a beta of 0.51.

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%. Sell-side analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Increases Dividend

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

Insider Buying and Selling

In related news, insider David Fineberg acquired 118 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of GBX 255 ($3.45) per share, for a total transaction of £300.90 ($407.06). 64.79% of the stock is currently owned by company insiders.

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.