Currency Exchange International (TSE:CXI) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Currency Exchange International, Corp. (TSE:CXI) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$23.75 and traded as low as C$23.54. Currency Exchange International shares last traded at C$23.54, with a volume of 500 shares traded.

Analyst Upgrades and Downgrades

Separately, Acumen Capital boosted their price objective on shares of Currency Exchange International from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Currency Exchange International presently has a consensus rating of “Buy” and an average price target of C$30.00.

Currency Exchange International Trading Up 2.3%

The company has a market cap of C$146.09 million, a P/E ratio of 34.12 and a beta of 0.36. The company has a quick ratio of 1.62, a current ratio of 2.65 and a debt-to-equity ratio of 14.28. The firm’s 50 day moving average is C$23.75 and its two-hundred day moving average is C$21.51.

Currency Exchange International Company Profile

Currency Exchange International Corp operates as a money service business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.