CI Financial (TSE:CIX) Stock Price Passes Above 200 Day Moving Average of $19.73
CI Financial Corp (TSE:CIX) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.73 and traded as high as $19.58. CI Financial shares last traded at $19.52, with a volume of 134,875 shares traded.
Several equities research analysts have issued reports on the stock. CIBC decreased their price objective on shares of CI Financial from C$22.00 to C$21.00 in a research note on Friday, August 9th. TD Securities decreased their target price on shares of CI Financial from C$21.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, August 9th.
The firm has a market capitalization of $4.43 billion and a PE ratio of 8.62. The firm’s 50 day moving average price is C$19.33 and its two-hundred day moving average price is C$19.73. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 104.47.
In other news, Director William Thomas Holland bought 155,200 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$18.10 per share, for a total transaction of C$2,808,747.52. Following the completion of the purchase, the director now owns 392,327 shares of the company’s stock, valued at C$7,100,177.12.
CI Financial Company Profile (TSE:CIX)
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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