Currency Exchange International (TSE:CXI) Sets New 52-Week High – Here’s What Happened

Currency Exchange International, Corp. (TSE:CXI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$29.46 and last traded at C$29.27, with a volume of 7100 shares changing hands. The stock had previously closed at C$28.30.

Currency Exchange International Trading Up 3.4%

The business’s 50-day moving average price is C$25.05 and its 200 day moving average price is C$24.97. The company has a debt-to-equity ratio of 7.58, a current ratio of 72.42 and a quick ratio of 1.62. The firm has a market capitalization of C$175.15 million, a price-to-earnings ratio of 16.08 and a beta of 0.66.

Currency Exchange International (TSE:CXI) last announced its earnings results on Tuesday, June 9th. The company reported C$0.54 earnings per share for the quarter. The business had revenue of C$24.43 million during the quarter. Currency Exchange International had a net margin of 6.49% and a return on equity of 5.76%. On average, equities analysts forecast that Currency Exchange International, Corp. will post 2.9278107 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Currency Exchange International news, insider Christopher Jon Johnson sold 2,966 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$25.73, for a total value of C$76,315.18. Following the completion of the transaction, the insider directly owned 3,000 shares of the company’s stock, valued at C$77,190. This represents a 49.72% decrease in their position. 25.60% of the stock is currently owned by insiders.

About Currency Exchange International

Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, www.cxifx.com (‘CXIFX’), its related APIs with core banking platforms, and through personal relationship managers.