Colliers International Group (TSE:CIGI) Shares Pass Below Fifty Day Moving Average – What’s Next?

Colliers International Group Inc. (TSE:CIGI)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$184.68 and traded as low as C$159.82. Colliers International Group shares last traded at C$161.07, with a volume of 70,566 shares changing hands.

Colliers International Group Price Performance

The stock has a market cap of C$8.21 billion, a price-to-earnings ratio of 79.74, a price-to-earnings-growth ratio of 0.48 and a beta of 1.43. The company has a debt-to-equity ratio of 176.28, a quick ratio of 0.58 and a current ratio of 5.75. The company has a 50-day simple moving average of C$184.68 and a two-hundred day simple moving average of C$204.77.

Colliers International Group (TSE:CIGI) last issued its earnings results on Friday, February 13th. The company reported C$3.21 earnings per share for the quarter. Colliers International Group had a net margin of 1.86% and a return on equity of 7.30%. The business had revenue of C$2.13 billion for the quarter. As a group, equities research analysts forecast that Colliers International Group Inc. will post 9.457457 EPS for the current year.

About Colliers International Group

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.