CI Financial (NYSE:CIXXF) Reaches New 52-Week High – What’s Next?

CI Financial Corp. (NYSE:CIXXF)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $16.76 and last traded at $16.76, with a volume of 14882 shares. The stock had previously closed at $16.47.

CI Financial Trading Up 1.6 %

The firm has a market cap of $2.47 billion, a PE ratio of -66.94 and a beta of 1.31. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s fifty day simple moving average is $14.20 and its 200-day simple moving average is $12.33.

CI Financial (NYSE:CIXXF) last issued its earnings results on Thursday, August 8th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $720.62 million during the quarter. CI Financial had a positive return on equity of 50.83% and a negative net margin of 1.90%. On average, sell-side analysts forecast that CI Financial Corp. will post 2.65 earnings per share 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. The ex-dividend date was Friday, September 27th. This represents a yield of 4.37%. CI Financial’s dividend payout ratio is currently -235.99%.

CI Financial Company Profile

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.