CI Financial (TSE:CIX) Shares Pass Above 200 Day Moving Average - Should You Sell?

Shares of CI Financial Corp. (TSE:CIX - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$31.28 and traded as high as C$31.71. CI Financial shares last traded at C$31.71, with a volume of 656,905 shares.

CI Financial Price Performance

The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 506.88. The stock has a market capitalization of C$4.57 billion, a P/E ratio of -66.10, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The stock has a 50 day moving average of C$31.51 and a 200-day moving average of C$31.28.

Insider Buying and Selling at CI Financial

In other news, Director Paul Perrow sold 20,000 shares of CI Financial 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. Also, Director Brigette Elizabeth Chang sold 39,900 shares of CI Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$31.46, for a total value of C$1,255,433.55. Insiders sold a total of 577,500 shares of company stock valued at $18,062,313 in the last ninety days. Corporate insiders own 15.83% of the company's stock.

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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