Canaccord Genuity Group (OTCMKTS:CCORF) Shares Pass Above Fifty Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (OTCMKTS:CCORF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.21 and traded as high as $8.21. Canaccord Genuity Group shares last traded at $8.20, with a volume of 9,863 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities restated a “buy” rating on shares of Canaccord Genuity Group in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Canaccord Genuity Group Stock Up 0.1%

The company’s fifty day moving average is $8.21 and its 200-day moving average is $7.86.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.