Canaccord Genuity Group (TSE:CF) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.10 and traded as high as C$9.68. Canaccord Genuity Group shares last traded at C$9.62, with a volume of 167,689 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of 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 current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 117.91. The business's 50-day simple moving average is C$8.96 and its 200-day simple moving average is C$9.10. The company has a market cap of C$1.01 billion, a PE ratio of -41.35, a P/E/G ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a $0.085 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.34 annualized dividend and a dividend yield of 3.44%. 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.