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CI Financial (TSE:CIX) Reaches New 1-Year High - What's Next?

CI Financial logo with Financial Services background

CI Financial Corp. (TSE:CIX - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as C$31.74 and last traded at C$31.70, with a volume of 204854 shares traded. The stock had previously closed at C$31.70.

CI Financial Stock Down 0.2%

The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88. The stock has a fifty day moving average price of C$31.55 and a two-hundred day moving average price of C$31.30. The company has a market cap of C$4.57 billion, a price-to-earnings ratio of -66.04, a P/E/G ratio of 0.04 and a beta of 1.67.

Insider Activity

In other news, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$31.46, for a total value of C$503,360.00. Also, Director Brigette Elizabeth Chang sold 340,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$31.20, for a total transaction of C$10,608,000.00. Insiders sold 576,000 shares of company stock valued at $18,015,813 over the last quarter. 15.83% of the stock is owned by company insiders.

About CI Financial

(Get Free Report)

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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