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CI Financial (TSE:CIX) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

CI Financial logo with Financial Services background

CI Financial Corp. (TSE:CIX - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$31.34 and traded as high as C$31.80. CI Financial shares last traded at C$31.78, with a volume of 265,305 shares traded.

CI Financial Stock Performance

The business has a 50 day simple moving average of C$31.59 and a 200 day simple moving average of C$31.36. The company has a market capitalization of C$4.58 billion, a PE ratio of -66.25, a PEG ratio of 0.04 and a beta of 1.67. 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 Transactions at CI Financial

In related news, Director Paul Perrow sold 20,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$31.47, for a total value 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 value of C$503,360.00. Over the last ninety days, insiders sold 175,900 shares of company stock worth $5,532,693. Company insiders own 15.83% of the company's stock.

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.

Further Reading

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