CI Financial Corp. (NYSE:CIXXF – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $22.47 and last traded at $22.39, with a volume of 818 shares changing hands. The stock had previously closed at $17.12.
CI Financial Price Performance
The stock has a market capitalization of $3.18 billion, a PE ratio of 8.56 and a beta of 1.31. The firm’s 50 day simple moving average is $15.59 and its 200 day simple moving average is $12.89. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.34 and a quick ratio of 0.34.
CI Financial Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.1471 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 4.37%. CI Financial’s payout ratio is -178.78%.
About CI Financial
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.
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