CI Financial (NYSE:CIXXF) Reaches New 12-Month High – Still a Buy?

CI Financial Corp. (NYSE:CIXXFGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $22.47 and last traded at $22.39, with a volume of 818 shares. The stock had previously closed at $17.12.

CI Financial Trading Up 30.6 %

The company has a market cap of $3.22 billion, a PE ratio of -67.70 and a beta of 1.31. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The company has a 50 day simple moving average of $15.40 and a two-hundred day simple moving average of $12.82.

CI Financial Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.1471 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 4.37%. CI Financial’s dividend payout ratio (DPR) is -178.79%.

CI Financial Company Profile

(Get Free Report)

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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