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

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

CI Financial Trading Down 0.1%

The stock has a market cap of C$4.57 billion, a PE ratio of -66.08, a PEG 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. The stock has a fifty day moving average price of C$31.54 and a 200 day moving average price of C$31.29.

Insiders Place Their Bets

In other CI Financial news, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the company's stock in a transaction on 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 Paul Perrow sold 20,000 shares of the company's stock in a transaction on 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 576,000 shares of company stock worth $18,015,813. 15.83% of the stock is currently owned by company insiders.

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.