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

Canaccord Genuity Group logo with Financial Services background

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Canaccord Genuity Group

Canaccord Genuity Group Trading Up 3.8%

The firm'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 quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 117.91. The firm has a market capitalization of C$1.02 billion, a PE ratio of -41.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.34 annualized dividend and a yield of 3.42%. Canaccord Genuity Group's payout ratio is -142.45%.

About Canaccord Genuity Group

(Get Free Report)

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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