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

Shares of CI Financial Corp. (TSE:CIX - Get Free Report) 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 traded.

CI Financial Price Performance

The stock's fifty day moving average is C$31.57 and its two-hundred day moving average is C$31.33. 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 firm has a market cap of C$4.57 billion, a P/E ratio of -66.08, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

Insider Activity

In other CI Financial news, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$31.46, for a total transaction of C$503,360.00. Also, Director Paul Perrow sold 20,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$31.47, for a total transaction of C$629,414.00. In the last 90 days, insiders sold 175,900 shares of company stock valued at $5,532,693. 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.