Shares of CI Financial Corp. (NYSE:CIXXF - Get Free Report) saw strong trading volume on Tuesday . 51,668 shares traded hands during mid-day trading, an increase of 240% from the previous session's volume of 15,186 shares.The stock last traded at $13.50 and had previously closed at $13.56.
CI Financial Trading Up 0.5 %
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 stock's fifty day moving average is $12.53 and its 200 day moving average is $11.82. The stock has a market cap of $2.06 billion, a P/E ratio of -15.49 and a beta of 1.35.
CI Financial (NYSE:CIXXF - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.66 EPS for the quarter. The firm had revenue of $720.62 million during the quarter. CI Financial had a negative net margin of 1.90% and a positive return on equity of 50.83%. As a group, equities research analysts predict that CI Financial Corp. will post 2.65 earnings per share for the current fiscal year.
CI Financial Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.1471 dividend. This represents a yield of 4.37%. The ex-dividend date is Friday, September 27th. CI Financial's payout ratio is currently -67.05%.
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.
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