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CI Financial (NYSE:CIXXF) Downgraded to "Hold" Rating by Keefe, Bruyette & Woods

CI Financial logo with Finance background

CI Financial (NYSE:CIXXF - Get Free Report) was downgraded by Keefe, Bruyette & Woods from a "moderate buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

CI Financial Price Performance

Shares of NYSE CIXXF traded up $0.07 during mid-day trading on Monday, reaching $22.11. The company's stock had a trading volume of 27,781 shares, compared to its average volume of 24,778. The stock has a fifty day moving average of $15.77 and a two-hundred day moving average of $12.97. The firm has a market capitalization of $3.19 billion, a PE ratio of -67.00 and a beta of 1.31. CI Financial has a 52 week low of $10.01 and a 52 week high of $22.70. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.34 and a quick ratio of 0.34.

CI Financial Company Profile

(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.

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