Canaccord Genuity Group (TSE:CF) Shares Cross Above 200 Day Moving Average - Here's What Happened

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 - ) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Canaccord Genuity Group Trading Down 0.5%

The firm has a 50-day moving average of C$10.29 and a two-hundred day moving average of C$9.23. The firm has a market capitalization of C$1.08 billion, a P/E ratio of -43.99, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 117.91.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.085 per share. The ex-dividend date was Friday, June 20th. This represents a $0.34 dividend on an annualized basis and a yield of 3.2%. Canaccord Genuity Group's payout ratio is currently -142.45%.

About Canaccord Genuity Group

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.

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