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 Tuesday . The stock has a 200-day moving average of C$10.73 and traded as high as C$11.64. Canaccord Genuity Group shares last traded at C$11.50, with a volume of 108,166 shares.

Canaccord Genuity Group Stock Down 0.9%

The stock has a fifty day simple moving average of C$11.43 and a two-hundred day simple moving average of C$10.73. The firm has a market cap of C$1.15 billion, a PE ratio of -4.32, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 117.91.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Thursday, November 13th. The financial services provider reported C$0.27 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative net margin of 1.33% and a negative return on equity of 2.33%. The firm had revenue of C$530.42 million for the quarter. As a group, sell-side analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 10th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, November 28th. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -12.78%.

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. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.