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CMC Markets (LON:CMCX) Trading Down 17.4% - Here's What Happened

CMC Markets logo with Financial Services background

CMC Markets Plc (LON:CMCX - Get Free Report)'s share price was down 17.4% during trading on Thursday . The company traded as low as GBX 231 ($3.13) and last traded at GBX 235 ($3.18). Approximately 2,328,894 shares changed hands during trading, an increase of 273% from the average daily volume of 625,109 shares. The stock had previously closed at GBX 284.50 ($3.85).

CMC Markets Price Performance

The company's 50-day simple moving average is GBX 245.78 and its 200-day simple moving average is GBX 241.52. The stock has a market capitalization of £686.29 million, a price-to-earnings ratio of 2.08 and a beta of 0.51. The company has a debt-to-equity ratio of 4.19, a current ratio of 2.18 and a quick ratio of 2.47.

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

CMC Markets Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 27th were given a dividend of GBX 17.60 ($0.24) per share. This is a positive change 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 payout ratio is 6.75%.

Insider Buying and Selling

In other CMC Markets news, insider David Fineberg bought 124 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of GBX 242 ($3.27) per share, with a total value of £300.08 ($405.95). 64.79% of the stock is owned by company 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.

Further Reading

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