CI Financial Corp. (NYSE:CIXXF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.76 and last traded at $16.76, with a volume of 14882 shares traded. The stock had previously closed at $16.47.
CI Financial Stock Up 1.6 %
The stock has a 50-day moving average of $14.20 and a two-hundred day moving average of $12.33. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $2.47 billion, a P/E ratio of -66.94 and a beta of 1.31.
CI Financial (NYSE:CIXXF - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.66 earnings per share for the quarter. CI Financial had a positive return on equity of 50.83% and a negative net margin of 1.90%. The firm had revenue of $720.62 million during the quarter. On average, research analysts anticipate that CI Financial Corp. will post 2.65 EPS for the current fiscal year.
CI Financial Cuts Dividend
The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.1471 per share. This represents a yield of 4.37%. The ex-dividend date was Friday, September 27th. CI Financial's dividend payout ratio (DPR) is presently -235.99%.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
