Canaccord Genuity Group (TSE:CF) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Canaccord Genuity Group Inc. (TSE:CF)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.57 and traded as high as C$14.74. Canaccord Genuity Group shares last traded at C$14.71, with a volume of 171,843 shares.

Wall Street Analyst Weigh In

Separately, Ventum Financial boosted their price objective on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Canaccord Genuity Group has a consensus rating of “Buy” and a consensus price target of C$16.25.

Canaccord Genuity Group Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 104.59. The firm’s fifty day moving average price is C$13.52 and its two-hundred day moving average price is C$12.57. The stock has a market capitalization of C$1.48 billion, a PE ratio of -10.14, a price-to-earnings-growth ratio of 0.54 and a beta of 1.34.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative net margin of 5.94% and a negative return on equity of 17.40%. As a group, equities research analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 19th. Canaccord Genuity Group’s dividend payout ratio is presently -23.45%.

Insider Activity

In other news, Director Donald Duncan Macfayden sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the sale, the director directly owned 141,705 shares in the company, valued at C$2,067,475.95. This trade represents a 12.37% decrease in their position. 4.61% of the stock is currently owned by insiders.

Canaccord Genuity Group Company Profile

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.