CI Financial (TSE:CIX) Hits New 52-Week High - Here's Why

Shares of CI Financial Corp. (TSE:CIX - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$31.74 and last traded at C$31.75, with a volume of 744894 shares trading hands. The stock had previously closed at C$31.73.

CI Financial Stock Up 0.2%

The business's 50-day moving average is C$31.59 and its two-hundred day moving average is C$31.35. The firm has a market capitalization of C$4.58 billion, a price-to-earnings ratio of -66.29, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32.

Insider Activity

In related news, Director Brigette Elizabeth Chang sold 50,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$31.48, for a total value of C$1,574,020.00. Also, Director Paul Perrow sold 20,000 shares of CI Financial stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$31.47, for a total value of C$629,414.00. Insiders sold 175,900 shares of company stock valued at $5,532,693 in the last quarter. Company insiders own 15.83% of the company's stock.

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.