Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Shares of Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.08 and traded as high as C$11.05. Canaccord Genuity Group shares last traded at C$10.80, with a volume of 143,263 shares.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Canaccord Genuity Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 3rd.

Canaccord Genuity Group Price Performance

The business's 50 day moving average price is C$9.68 and its 200 day moving average price is C$9.08. The stock has a market capitalization of C$1.11 billion, a P/E ratio of -45.25, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05.

Canaccord Genuity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, June 20th. Canaccord Genuity Group's payout ratio is -142.45%.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.