Currency Exchange International (TSE:CXI) Trading 0.4% Higher - Here's What Happened

Key Points

• Currency Exchange International's share price increased by 0.4%, settling at C$24.84 with a significant drop in trading volume, down 79% from the usual levels.
• Acumen Capital raised its price target for the stock from C$28.00 to C$30.00 and maintained a "buy" rating, contributing to an overall positive market sentiment.
• The company's market capitalization stands at C$154.16 million with solid financial ratios, including a current ratio of 2.65 and a quick ratio of 1.62.

Currency Exchange International, Corp. (TSE:CXI - Get Free Report)'s share price traded up 0.4% on Wednesday . The company traded as high as C$24.84 and last traded at C$24.84. 1,100 shares changed hands during trading, a decline of 79% from the average session volume of 5,327 shares. The stock had previously closed at C$24.75.

Wall Street Analyst Weigh In

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 research report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$30.00.

Currency Exchange International Stock Up 0.4%

The company has a 50-day simple moving average of C$22.94 and a 200 day simple moving average of C$21.08. The company has a market cap of C$154.16 million, a P/E ratio of 36.00 and a beta of 0.34. The company has a current ratio of 2.65, a quick ratio of 1.62 and a debt-to-equity ratio of 14.28.

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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