CMC Markets (LON:CMCX) Receives “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of CMC Markets (LON:CMCX) in a research report sent to investors on Thursday, MarketBeat Ratings reports.

CMC Markets Price Performance

CMC Markets stock opened at GBX 264 ($3.31) on Thursday. CMC Markets has a 1 year low of GBX 86.90 ($1.09) and a 1 year high of GBX 349 ($4.38). The firm has a 50 day moving average price of GBX 312.49 and a 200 day moving average price of GBX 304.69. The company has a market cap of £738.72 million, a price-to-earnings ratio of 1,552.94 and a beta of 0.51. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00.

CMC Markets Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 5th will be issued a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 0.92%. CMC Markets’s payout ratio is 4,705.88%.

Insider Activity at CMC Markets

In other CMC Markets news, insider David Fineberg acquired 94 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of GBX 318 ($3.99) per share, for a total transaction of £298.92 ($374.73). Also, insider Albert Soleiman bought 96 shares of CMC Markets stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of GBX 316 ($3.96) per share, for a total transaction of £303.36 ($380.29). Over the last three months, insiders purchased 288 shares of company stock worth $89,922. 64.79% of the stock is owned by company insiders.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.