CI Financial Corp. (NYSE:CIXXF - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 12,322 shares traded hands during trading, a decline of 30% from the previous session's volume of 17,682 shares.The stock last traded at $10.79 and had previously closed at $10.88.
Analyst Ratings Changes
Separately, Raymond James raised CI Financial from a "hold" rating to a "moderate buy" rating in a report on Sunday.
Read Our Latest Stock Report on CIXXF
CI Financial Stock Performance
The company has a debt-to-equity ratio of 3.23, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $1.70 billion, a PE ratio of -12.05 and a beta of 1.43. The business has a 50 day moving average price of $12.29 and a two-hundred day moving average price of $11.53.
CI Financial (NYSE:CIXXF - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. CI Financial had a negative net margin of 6.49% and a positive return on equity of 42.97%. The business had revenue of $525.68 million during the quarter, compared to analyst estimates of $486.16 million. As a group, equities research analysts forecast that CI Financial Corp. will post 2.77 EPS for the current fiscal year.
CI Financial Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.1454 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a dividend yield of 4.55%. CI Financial's payout ratio is -67.05%.
About CI Financial
(
Get Free Report)
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
Featured Stories
Before you consider CI Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CI Financial wasn't on the list.
While CI Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
