CI Financial (NYSE:CIXXF) Sets New 52-Week High – Time to Buy?

CI Financial Corp. (NYSE:CIXXF)’s stock price hit a new 52-week high on Monday . The stock traded as high as $22.47 and last traded at $22.39, with a volume of 818 shares traded. The stock had previously closed at $17.12.

CI Financial Trading Up 30.6 %

The firm has a market capitalization of $3.22 billion, a P/E ratio of -67.70 and a beta of 1.31. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 3.53. The business has a 50-day moving average price of $15.40 and a 200-day moving average price of $12.82.

CI Financial Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.1471 per share. This represents a yield of 4.37%. The ex-dividend date of this dividend was Friday, September 27th. CI Financial’s dividend payout ratio is -178.79%.

About CI Financial

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.