Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.86 and traded as low as $11.88. Institutional Financial Markets shares last traded at $12.30, with a volume of 27,573 shares.

Institutional Financial Markets Stock Performance

The company has a market cap of $30.87 million, a price-to-earnings ratio of 2.33 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $14.98 and a 200 day simple moving average of $16.86.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly earnings results on Monday, May 4th. The financial services provider reported $0.42 EPS for the quarter. The company had revenue of $56.04 million during the quarter. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%.

Institutional Financial Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 8.1%. Institutional Financial Markets’s dividend payout ratio is 24.45%.

Institutional Financial Markets Company Profile

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.