CMC Markets (LON:CMCX) Stock Price Crosses Below Fifty Day Moving Average on Insider Selling

CMC Markets Plc (LON:CMCX)’s stock price crossed below its 50-day moving average during trading on Thursday following insider selling activity. The stock has a 50-day moving average of GBX 254 ($3.42) and traded as low as GBX 247 ($3.33). CMC Markets shares last traded at GBX 247.50 ($3.33), with a volume of 750,736 shares traded.

Specifically, insider David Fineberg sold 35,235 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of GBX 255 ($3.43), for a total transaction of £89,849.25 ($120,992.80). Also, insider David Fineberg sold 655 shares of the business’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of GBX 256 ($3.45), for a total value of £1,676.80 ($2,258.01).

CMC Markets Stock Down 2.0%

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 firm has a market cap of £687.68 million, a price-to-earnings ratio of 2.09 and a beta of 0.51. The firm has a 50-day moving average of GBX 254 and a two-hundred day moving average of GBX 239.54.

CMC Markets (LON:CMCX) last issued its quarterly earnings results on Thursday, June 5th. The company reported GBX 22.60 ($0.30) earnings per share (EPS) for the quarter. CMC Markets had a return on equity of 86.11% and a net margin of 95.92%. As a group, sell-side analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Increases Dividend

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

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.