Canaccord Genuity Group (TSE:CF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Canaccord Genuity Group Inc. (TSE:CF)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.07 and traded as high as C$10.50. Canaccord Genuity Group shares last traded at C$10.16, with a volume of 123,007 shares traded.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded Canaccord Genuity Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 3rd.

Canaccord Genuity Group Price Performance

The company has a fifty day moving average of C$9.13 and a 200-day moving average of C$9.07. The firm has a market cap of C$1.04 billion, a P/E ratio of -42.57, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05.

Canaccord Genuity Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, June 20th. This represents a $0.34 annualized dividend and a yield of 3.35%. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -142.45%.

About Canaccord Genuity Group

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.