Canaccord Genuity Group (TSE:CF) Hits New 1-Year High – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF) hit a new 52-week high on Tuesday . The company traded as high as C$12.70 and last traded at C$12.43, with a volume of 37507 shares changing hands. The stock had previously closed at C$12.05.

Canaccord Genuity Group Trading Up 8.5%

The stock has a market cap of C$1.30 billion, a P/E ratio of -4.91, a price-to-earnings-growth ratio of 0.54 and a beta of 1.25. The firm’s 50 day simple moving average is C$11.66 and its two-hundred day simple moving average is C$11.08. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 117.91.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Friday, February 13th. The financial services provider reported C$0.18 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative return on equity of 2.33% and a negative net margin of 1.33%.The company had revenue of C$637.86 million for the quarter. As a group, equities research analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 10th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 28th. Canaccord Genuity Group’s payout ratio is currently -12.78%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.