CI Financial (TSE:CIX) Sets New 12-Month High - Should You Buy?

CI Financial Corp. (TSE:CIX - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as C$31.70 and last traded at C$31.69, with a volume of 1010 shares traded. The stock had previously closed at C$31.61.

CI Financial Trading Up 0.3%

The firm has a market capitalization of C$4.57 billion, a PE ratio of -66.06, a P/E/G ratio of 0.04 and a beta of 1.67. The company's fifty day simple moving average is C$31.45 and its 200-day simple moving average is C$31.25. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17.

Insider Buying and Selling

In other CI Financial news, Director Brigette Elizabeth Chang sold 1,500 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of C$31.00, for a total value of C$46,500.00. 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. In the last ninety days, insiders sold 577,500 shares of company stock valued at $18,062,313. 15.83% of the stock is currently owned by 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.

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