Guardian Capital Group (TSE:GCG) Stock Crosses Above 200-Day Moving Average - Here's Why

Guardian Capital Group Limited (TSE:GCG - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.66 and traded as high as C$43.99. Guardian Capital Group shares last traded at C$43.00, with a volume of 1,000 shares changing hands.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their price objective on shares of Guardian Capital Group from C$47.00 to C$45.00 and set a "neutral" rating on the stock in a report on Monday, April 28th.

Guardian Capital Group Stock Up 2.3%

The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 14.08. The stock's 50-day moving average is C$42.50 and its 200-day moving average is C$42.65. The company has a market cap of C$1.07 billion, a price-to-earnings ratio of 9.86 and a beta of 1.10.

Guardian Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 18th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. Guardian Capital Group's dividend payout ratio is presently 33.15%.

About Guardian Capital Group

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.