Canaccord Genuity Group (OTCMKTS:CCORF) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Canaccord Genuity Group Inc. (OTCMKTS:CCORF) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.93 and traded as high as $10.25. Canaccord Genuity Group shares last traded at $9.72, with a volume of 137,043 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities reissued a “buy” rating on shares of Canaccord Genuity Group in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Canaccord Genuity Group Stock Performance

The business’s 50 day moving average is $8.93 and its two-hundred day moving average is $8.74.

About Canaccord Genuity Group

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.