CI Financial (NYSE:CIXXF) Reaches New 1-Year High - What's Next?

Shares of CI Financial Corp. (NYSE:CIXXF - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $23.16 and last traded at $23.16, with a volume of 716 shares traded. The stock had previously closed at $23.02.

CI Financial Stock Up 0.8%

The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.53. The business has a 50-day moving average price of $22.61 and a 200-day moving average price of $22.03. The firm has a market cap of $3.35 billion, a P/E ratio of -70.30 and a beta of 1.32.

CI Financial Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1432 per share. This represents a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 31st. CI Financial's payout ratio is -39.86%.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.