CI Financial (NYSE:CIXXF) Reaches New 52-Week High - What's Next?

Shares of CI Financial Corp. (NYSE:CIXXF - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $17.99 and last traded at $17.12, with a volume of 3292 shares. The stock had previously closed at $17.25.

CI Financial Stock Down 0.2 %

The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -68.84 and a beta of 1.31. The stock's fifty day moving average price is $14.63 and its 200-day moving average price is $12.51. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 3.53.

CI Financial (NYSE:CIXXF - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.66 EPS for the quarter. CI Financial had a positive return on equity of 50.83% and a negative net margin of 1.90%. The business had revenue of $720.62 million during the quarter. On average, sell-side analysts predict that CI Financial Corp. will post 2.65 earnings per share for the current fiscal year.

CI Financial Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.1471 per share. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, September 27th. CI Financial's payout ratio is -235.99%.

About CI Financial

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.