CI Financial Corp. (NYSE:CIXXF - Get Free Report)'s share price was up 0.8% during trading on Tuesday . The stock traded as high as $22.70 and last traded at $22.70. Approximately 4,572 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 83,169 shares. The stock had previously closed at $22.53.
Wall Street Analysts Forecast Growth
Separately, Raymond James downgraded shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd.
View Our Latest Stock Analysis on CI Financial
CI Financial Price Performance
The company has a market capitalization of $3.27 billion, a P/E ratio of -68.79 and a beta of 1.36. The stock's fifty day simple moving average is $22.15 and its 200-day simple moving average is $21.20. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.32 and a quick ratio of 0.32.
CI Financial Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.1432 per share. This represents a yield of 2.63%. The ex-dividend date was Monday, March 31st. CI Financial's dividend payout ratio (DPR) is currently -26.44%.
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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