Canaccord Genuity Group (TSE:CF) Stock Price Passes Above 200 Day Moving Average - Here's Why

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.05 and traded as high as C$10.60. Canaccord Genuity Group shares last traded at C$10.53, with a volume of 98,247 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Cormark raised Canaccord Genuity Group from a "hold" rating to a "moderate buy" rating in a report on Thursday, April 3rd.

Canaccord Genuity Group Stock Performance

The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05. The stock has a 50-day simple moving average of C$9.49 and a 200-day simple moving average of C$9.04. The stock has a market cap of C$1.09 billion, a P/E ratio of -44.49, a PEG ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, June 20th. Canaccord Genuity Group's dividend payout ratio (DPR) is presently -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.