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

Key Points

• Canaccord Genuity Group Inc. shares have crossed above their 200-day moving average of C$9.23, trading as high as C$10.85 during the session.
• The company recently announced a quarterly dividend of $0.085 per share, translating to an annual yield of 3.2% with a payout ratio of -142.45%.
• Canaccord Genuity operates as a full-service financial services firm, providing investment banking and brokerage services to various clients.

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.23 and traded as high as C$10.85. Canaccord Genuity Group shares last traded at C$10.50, with a volume of 253,836 shares traded.

Canaccord Genuity Group Stock Performance

The firm has a market cap of C$985.15 million, a PE ratio of -40.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a 50 day simple moving average of C$10.30 and a 200-day simple moving average of C$9.23. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.34 annualized dividend and a yield of 3.5%. Canaccord Genuity Group's dividend payout ratio is currently -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.