Canaccord Genuity Group (TSE:CF) Stock Crosses Above 200-Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.25 and traded as high as C$9.84. Canaccord Genuity Group shares last traded at C$9.50, with a volume of 38,451 shares trading hands.

Analyst Ratings Changes

CF has been the subject of several research analyst reports. TD Securities downgraded Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Cormark upgraded Canaccord Genuity Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 3rd.

Canaccord Genuity Group Trading Down 3.0%

The business has a 50-day moving average price of C$8.43 and a two-hundred day moving average price of C$9.25. The stock has a market capitalization of C$972.86 million, a P/E ratio of -39.80, a P/E/G ratio of 0.54 and a beta of 1.61. 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 Company Profile

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.