CI Financial Corp. (TSE:CIX - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as C$32.00 and last traded at C$31.98, with a volume of 927623 shares trading hands. The stock had previously closed at C$31.99.
CI Financial Stock Performance
The business's 50 day simple moving average is C$31.73 and its two-hundred day simple moving average is C$31.44. The stock has a market cap of C$4.61 billion, a P/E ratio of -66.69, a PEG ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88.
Insider Buying and Selling
In other CI Financial news, Director Brigette Elizabeth Chang sold 39,900 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$31.46, for a total transaction of C$1,255,433.55. Also, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of CI Financial stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$31.46, for a total transaction of C$503,360.00. Insiders have sold 175,900 shares of company stock worth $5,532,693 in the last 90 days. Insiders own 15.83% of the company's stock.
About CI Financial
(
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CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 129.2 billion in fund assets under management, and another CAD 221.5 billion in assets under advisement, at the end of April 2022, making it one of the largest nonbank affiliated asset managers in Canada.
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