Guardian Capital Group (TSE:GCG.A) Stock Passes Below 200-Day Moving Average - Here's What Happened

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.09 and traded as low as C$41.64. Guardian Capital Group shares last traded at C$42.46, with a volume of 1,485 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their target price on shares of Guardian Capital Group from C$54.00 to C$53.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd.

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$889.02 million, a P/E ratio of 16.47, a PEG ratio of -22.04 and a beta of 1.11. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03. The company's fifty day simple moving average is C$40.84 and its two-hundred day simple moving average is C$42.08.

Guardian Capital Group Company Profile

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.