CI Financial (NYSE:CIXXF) Shares Down 0.4% – What’s Next?

CI Financial Corp. (NYSE:CIXXF)’s share price fell 0.4% during mid-day trading on Monday . The stock traded as low as $23.17 and last traded at $23.17. 1,970 shares traded hands during trading, a decline of 96% from the average session volume of 54,382 shares. The stock had previously closed at $23.25.

Analysts Set New Price Targets

Separately, Wall Street Zen raised CI Financial to a “buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CI Financial presently has a consensus rating of “Sell”.

CI Financial Price Performance

The company has a 50 day moving average price of $23.16 and a 200-day moving average price of $22.62. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.53. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -70.20 and a beta of 1.29.

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.