Canaccord Genuity Group (TSE:CF) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Canaccord Genuity Group Inc. (TSE:CF) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.10 and traded as high as C$9.68. Canaccord Genuity Group shares last traded at C$9.62, with a volume of 167,689 shares traded.

Wall Street Analyst Weigh In

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 Stock Up 2.2%

The business’s 50 day moving average is C$8.86 and its 200 day moving average is C$9.10. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 117.91. The company has a market cap of C$985.15 million, a P/E ratio of -40.30, a P/E/G ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, June 20th. Canaccord Genuity Group’s payout ratio is -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.