Currency Exchange International (TSE:CXI) Director Purchases C$12,400.00 in Stock

Key Points

• Currency Exchange International Director Mark Douglas Mickleborough purchased 500 shares at a cost of C$24.80 per share, totaling C$12,400, increasing his position by 8.42%.
• The company has a market capitalization of C$155.15 million and maintains a debt-to-equity ratio of 14.28, indicating a relatively low reliance on debt financing.
• Acumen Capital raised their price target on the stock from C$28.00 to C$30.00 while maintaining a "buy" rating for the stock.

Currency Exchange International, Corp. (TSE:CXI - Get Free Report) Director Mark Douglas Mickleborough bought 500 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was bought at an average cost of C$24.80 per share, for a total transaction of C$12,400.00. Following the transaction, the director owned 6,440 shares of the company's stock, valued at C$159,712. The trade was a 8.42% increase in their position.

Currency Exchange International Price Performance

Shares of TSE:CXI remained flat at C$25.00 during midday trading on Monday. The company had a trading volume of 3,922 shares, compared to its average volume of 5,489. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.62 and a current ratio of 2.65. The company's fifty day moving average is C$21.79 and its 200 day moving average is C$20.75. The firm has a market capitalization of C$155.15 million, a PE ratio of 36.23 and a beta of 0.34. Currency Exchange International, Corp. has a twelve month low of C$19.55 and a twelve month high of C$26.75.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital lifted their price target on Currency Exchange International from C$28.00 to C$30.00 and gave the stock a "buy" rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$30.00.

About Currency Exchange International

Currency Exchange International Corp operates as a money service business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.