CI Financial (NYSE:CIXXF) Sets New 52-Week High - Still a Buy?

CI Financial Corp. (NYSE:CIXXF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.82 and last traded at $22.82, with a volume of 105 shares. The stock had previously closed at $22.65.

CI Financial Stock Down 0.5%

The stock has a market cap of $3.28 billion, a PE ratio of -68.97 and a beta of 1.36. The business has a 50 day moving average of $22.33 and a 200-day moving average of $21.61. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.53.

CI Financial Cuts Dividend

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

About CI Financial

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.