Canaccord Genuity Group (OTCMKTS:CCORF) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Canaccord Genuity Group Inc. (OTCMKTS:CCORF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.80 and traded as high as $9.64. Canaccord Genuity Group shares last traded at $9.64, with a volume of 105 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities reiterated a “buy” rating on shares of Canaccord Genuity Group in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Canaccord Genuity Group Stock Performance

The stock’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $8.19.

About Canaccord Genuity Group

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.