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

Canaccord Genuity Group Inc. (TSE:CF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.05 and traded as high as C$10.60. Canaccord Genuity Group shares last traded at C$10.53, with a volume of 98,247 shares trading hands.

Wall Street Analyst Weigh In

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

Canaccord Genuity Group Stock Performance

The company has a debt-to-equity ratio of 117.91, a quick ratio of 1.05 and a current ratio of 1.23. The stock has a market cap of C$1.08 billion, a PE ratio of -44.12, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company’s 50 day simple moving average is C$9.39 and its 200 day simple moving average is C$9.05.

Canaccord Genuity Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $0.34 annualized dividend and a dividend yield of 3.23%. Canaccord Genuity Group’s payout ratio is currently -142.45%.

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.