Currency Exchange International (TSE:CXI) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Currency Exchange International shares surpassed their 200-day moving average, trading at C$23.22 compared to the average of C$20.54.
• The company's market capitalization stands at C$146.40 million with a PE ratio of 38.07, indicating a relatively high valuation.
• Currency Exchange International primarily operates in the United States and Canada, offering services like currency exchange and wire transfers.

Currency Exchange International, Corp. (TSE:CXI - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.54 and traded as high as C$23.25. Currency Exchange International shares last traded at C$23.22, with a volume of 6,036 shares traded.

Analyst Ratings Changes

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

Currency Exchange International Stock Performance

The firm has a market capitalization of C$141.86 million, a P/E ratio of 36.89 and a beta of 0.22. The stock has a 50-day moving average of C$20.73 and a 200 day moving average of C$20.55. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.62 and a current ratio of 2.65.

Currency Exchange International Company Profile

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.