IGM Financial (OTCMKTS:IGIFF) Stock Crosses Above 50-Day Moving Average – Time to Sell?

IGM Financial Inc. (OTCMKTS:IGIFF)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $31.04 and traded as high as $32.29. IGM Financial shares last traded at $32.29, with a volume of 3,117 shares traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a research report on Monday, May 12th.

IGM Financial Trading Up 0.2%

The company’s 50-day simple moving average is $31.04 and its 200 day simple moving average is $31.57.

IGM Financial Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.3928 per share. This represents a yield of 5.05%. The ex-dividend date was Monday, March 31st. IGM Financial’s payout ratio is 67.85%.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.