CI Financial (NYSE:CIXXF) Trading 0.8% Higher - Time to Buy?

CI Financial Corp. (NYSE:CIXXF - Get Free Report)'s share price was up 0.8% during mid-day trading on Tuesday . The company traded as high as $22.70 and last traded at $22.70. Approximately 4,572 shares changed hands during trading, a decline of 95% from the average daily volume of 83,169 shares. The stock had previously closed at $22.53.

Analyst Ratings Changes

Separately, Raymond James lowered CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd.

CI Financial Stock Performance

The company has a market cap of $3.20 billion, a P/E ratio of -67.30 and a beta of 1.36. The firm has a 50 day moving average price of $22.21 and a 200-day moving average price of $21.40. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.32 and a current ratio of 0.32.

CI Financial Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.1432 per share. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 2.63%. CI Financial's dividend payout ratio (DPR) 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.