CI Financial (TSE:CIX) Stock Crosses Above 200-Day Moving Average - Here's What Happened

CI Financial Corp. (TSE:CIX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$31.31 and traded as high as C$31.72. CI Financial shares last traded at C$31.68, with a volume of 252,550 shares trading hands.

CI Financial Trading Down 0.1%

The company has a market cap of C$4.57 billion, a price-to-earnings ratio of -66.04, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company's fifty day moving average price is C$31.57 and its two-hundred day moving average price is C$31.32. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88.

Insider Activity

In related news, Director Paul Perrow sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$31.47, for a total transaction of C$629,414.00. Also, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$31.46, for a total transaction of C$503,360.00. In the last ninety days, insiders sold 175,900 shares of company stock worth $5,532,693. 15.83% of the stock is currently owned by corporate 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.