CMC Markets (LON:CMCX) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of CMC Markets Plc (LON:CMCX) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 285.74 ($3.55) and traded as low as GBX 242.50 ($3.01). CMC Markets shares last traded at GBX 246 ($3.06), with a volume of 165,867 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “hold” rating on shares of CMC Markets in a research report on Thursday, November 21st.

CMC Markets Stock Performance

The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The firm has a market cap of £688.36 million, a price-to-earnings ratio of 1,447.06 and a beta of 0.51. The business’s 50-day simple moving average is GBX 285.74 and its two-hundred day simple moving average is GBX 303.79.

CMC Markets Cuts Dividend

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

Insider Buying and Selling at CMC Markets

In related news, insider Albert Soleiman purchased 96 shares of CMC Markets stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of GBX 316 ($3.93) per share, for a total transaction of £303.36 ($376.84). Over the last three months, insiders have acquired 296 shares of company stock valued at $89,712. Company insiders own 64.79% of the company’s stock.

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.