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CI Financial (NYSE:CIXXF) Shares Gap Down - Here's Why

CI Financial logo with Finance background

Shares of CI Financial Corp. (NYSE:CIXXF - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $22.99, but opened at $22.00. CI Financial shares last traded at $22.00, with a volume of 101 shares traded.

CI Financial Stock Performance

The firm has a 50 day simple moving average of $22.78 and a 200-day simple moving average of $22.09. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -69.69 and a beta of 1.32.

CI Financial Company Profile

(Get Free Report)

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.

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