CI Financial Corp. (NYSE:CIXXF - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $22.03, but opened at $20.96. CI Financial shares last traded at $20.96, with a volume of 222 shares.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Raymond James cut shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods cut CI Financial from a "moderate buy" rating to a "hold" rating in a research note on Monday, November 25th. Finally, TD Securities downgraded CI Financial from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, November 27th.
Read Our Latest Analysis on CI Financial
CI Financial Trading Down 0.4 %
The company has a 50 day simple moving average of $21.62 and a two-hundred day simple moving average of $17.64. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $3.18 billion, a PE ratio of -66.76 and a beta of 1.42.
CI Financial Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a dividend of $0.1457 per share. This represents a yield of 2.71%. The ex-dividend date of this dividend was Tuesday, December 31st. CI Financial's dividend payout ratio is currently -169.69%.
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.
Further Reading
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