CI Financial (TSE:CIX) Sets New 1-Year High - Here's Why

Key Points

• CI Financial Corp. reached a new 52-week high on Tuesday, trading at C$31.95 with a volume of 523,965 shares.
• The company has a debt-to-equity ratio of 506.88 and a market cap of C$4.60 billion, indicating significant leverage in its financial structure.
• Insiders have sold 175,900 shares over the last 90 days, with key directors making notable transactions totaling approximately C$2.2 million.

CI Financial Corp. (TSE:CIX - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$31.99 and last traded at C$31.95, with a volume of 523965 shares traded. The stock had previously closed at C$31.79.

CI Financial Stock Performance

The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The business has a 50-day moving average price of C$31.64 and a 200 day moving average price of C$31.38. The stock has a market capitalization of C$4.61 billion, a P/E ratio of -66.63, a PEG ratio of 0.04 and a beta of 1.67.

Insider Transactions at CI Financial

In related news, Director Paul Perrow sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$31.47, for a total value of C$629,414.00. Also, Director Brigette Elizabeth Chang sold 39,900 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$31.46, for a total transaction of C$1,255,433.55. Insiders have sold a total of 175,900 shares of company stock valued at $5,532,693 in the last ninety days. 15.83% of the stock is currently owned by corporate insiders.

CI Financial Company Profile

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.