Currency Exchange International (TSE:CXI) Shares Up 3.1% - Should You Buy?

Key Points

• Currency Exchange International's shares rose by 3.1% to C$24.75, despite a trading volume decrease of 53% from the average.
• Acumen Capital upgraded the stock's price target from C$28.00 to C$30.00 and maintained a "buy" rating, aligning with the consensus rating of "Buy" for the stock.
• The company operates as a money service business, primarily earning revenue from currency exchange, wire transfers, and cheque cashing in the U.S. and Canada.

Currency Exchange International, Corp. (TSE:CXI - Get Free Report) was up 3.1% during trading on Wednesday . The stock traded as high as C$24.93 and last traded at C$24.75. Approximately 2,600 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 5,520 shares. The stock had previously closed at C$24.00.

Analyst Ratings Changes

Separately, Acumen Capital increased their price objective 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$30.00.

Currency Exchange International Trading Up 3.1%

The company has a fifty day simple moving average of C$21.58 and a two-hundred day simple moving average of C$20.69. The company has a market capitalization of C$153.60 million, a P/E ratio of 35.87 and a beta of 0.22. The company has a debt-to-equity ratio of 14.28, a current ratio of 2.65 and a quick ratio of 1.62.

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.

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