Canaccord Genuity Group (TSE:CF) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.19 and traded as high as C$9.19. Canaccord Genuity Group shares last traded at C$9.12, with a volume of 52,303 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CF shares. TD Securities lowered Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Cormark raised shares of Canaccord Genuity Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 3rd.

Canaccord Genuity Group Stock Down 1.1%

The company has a fifty day moving average price of C$8.64 and a 200-day moving average price of C$9.19. 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 firm has a market capitalization of C$933.95 million, a PE ratio of -38.21, a PEG ratio of 0.54 and a beta of 1.61.

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.