Guardian Capital Group (TSE:GCG) Shares Up 45.5% – Should You Buy?

Guardian Capital Group Limited (TSE:GCG)’s share price shot up 45.5% during mid-day trading on Friday . The company traded as high as C$66.90 and last traded at C$66.80. 12,110 shares traded hands during mid-day trading, an increase of 1,088% from the average session volume of 1,019 shares. The stock had previously closed at C$45.90.

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$1.65 billion, a PE ratio of 10.88 and a beta of 0.75. The company has a debt-to-equity ratio of 14.08, a current ratio of 0.80 and a quick ratio of 0.64. The business’s fifty day moving average price is C$44.35 and its 200-day moving average price is C$42.67.

Guardian Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 18th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, July 11th. Guardian Capital Group’s dividend payout ratio is presently 24.27%.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.