CI Financial (NYSE:CIXXF) Hits New 52-Week High - Still a Buy?

Shares of CI Financial Corp. (NYSE:CIXXF - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.00 and last traded at $16.00, with a volume of 575 shares. The stock had previously closed at $15.69.

CI Financial Trading Up 1.6 %

The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -18.18 and a beta of 1.36. The business has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $12.14. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34.

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

CI Financial Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.1471 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, September 27th. CI Financial's dividend payout ratio (DPR) is currently -67.05%.

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.