Colliers International Group (TSE:CIGI) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Colliers International Group Inc. (TSE:CIGI)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$147.54 and traded as low as C$128.09. Colliers International Group shares last traded at C$128.69, with a volume of 130,157 shares.

Colliers International Group Stock Down 4.8%

The firm’s fifty day moving average price is C$147.54 and its 200-day moving average price is C$178.24. The company has a market capitalization of C$6.58 billion, a price-to-earnings ratio of 78.95, a P/E/G ratio of 0.48 and a beta of 1.30. The company has a debt-to-equity ratio of 51.96, a current ratio of 4.82 and a quick ratio of 0.58.

Colliers International Group (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.26 earnings per share (EPS) for the quarter. The company had revenue of C$1.60 billion during the quarter. Colliers International Group had a net margin of 1.48% and a return on equity of 5.76%. Sell-side analysts expect that Colliers International Group Inc. will post 9.457457 earnings per share for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.