CMC Markets (LON:CMCX) Downgraded to “Hold” at Shore Capital

Shore Capital downgraded shares of CMC Markets (LON:CMCXGet Rating) to a hold rating in a report issued on Monday morning, reports.

CMC Markets Stock Down 0.8 %

Shares of LON CMCX opened at GBX 249.50 ($3.06) on Monday. The company has a quick ratio of 2.07, a current ratio of 2.17 and a debt-to-equity ratio of 4.52. CMC Markets has a 52 week low of GBX 212.50 ($2.60) and a 52 week high of GBX 458.98 ($5.62). The firm’s fifty day moving average is GBX 283.41 and its 200 day moving average is GBX 264.24. The company has a market cap of £711.85 million and a price-to-earnings ratio of 1,006.00.

CMC Markets Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 11th. Stockholders of record on Wednesday, July 13th will be given a GBX 8.88 ($0.11) dividend. This represents a dividend yield of 3.38%. The ex-dividend date is Wednesday, July 13th. This is a positive change from CMC Markets’s previous dividend of $3.50. CMC Markets’s payout ratio is currently 99.72%.

Insiders Place Their Bets

In other CMC Markets news, insider David Fineberg purchased 114 shares of CMC Markets stock in a transaction dated Tuesday, July 5th. The stock was purchased at an average price of GBX 263 ($3.22) per share, with a total value of £299.82 ($367.38).

CMC Markets Company Profile

(Get Rating)

CMC Markets plc, together with its subsidiaries, provides financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Australia, New Zealand, Germany, Singapore, 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 pairs, commodities, cryptocurrencies, shares and ETFs, and treasuries through its trading platform.

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