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

CMC Markets Plc (LON:CMCX - Get Free Report)'s share price fell 17.4% during mid-day trading on Thursday . The company traded as low as GBX 231 ($3.14) and last traded at GBX 235 ($3.19). 2,328,894 shares were traded during mid-day trading, an increase of 273% from the average session volume of 625,109 shares. The stock had previously closed at GBX 284.50 ($3.86).

CMC Markets Price Performance

The business's 50-day simple moving average is GBX 245.05 and its 200-day simple moving average is GBX 241.49. The stock has a market cap of £686.29 million, a PE ratio of 2.08 and a beta of 0.51. The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19.

CMC Markets (LON:CMCX - Get Free Report) last posted 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 return on equity of 86.11% and a net margin of 95.92%. On average, research analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

CMC Markets Increases Dividend

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

Insider Buying and Selling

In related news, insider David Fineberg purchased 118 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of GBX 255 ($3.46) per share, with a total value of £300.90 ($408.61). 64.79% of the stock is currently owned by insiders.

About CMC Markets

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.