Canaccord Genuity Group (TSE:CF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Canaccord Genuity Group Inc. (TSE:CF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.79 and traded as high as C$10.05. Canaccord Genuity Group shares last traded at C$10.02, with a volume of 87,077 shares traded.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th. TD Securities lowered their target price on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th. Finally, Raymond James reduced their price target on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Canaccord Genuity Group Trading Up 1.0 %

The firm has a market capitalization of C$968.63 million, a P/E ratio of -100.20, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93. The company’s fifty day moving average is C$8.94 and its 200-day moving average is C$8.79.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.08). The firm had revenue of C$428.17 million for the quarter, compared to the consensus estimate of C$424.52 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. As a group, sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 30th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Friday, August 30th. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -340.00%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.