Colliers International Group (TSE:CIGI) Stock Price Up 4% – Here’s Why

Colliers International Group Inc. (TSE:CIGI)’s stock price was up 4% during mid-day trading on Friday . The company traded as high as C$138.04 and last traded at C$137.53. 83,190 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 106,060 shares. The stock had previously closed at C$132.20.

Colliers International Group Stock Up 4.0%

The stock has a market cap of C$7.03 billion, a P/E ratio of 84.37, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a current ratio of 4.82, a quick ratio of 0.58 and a debt-to-equity ratio of 174.70. The firm’s fifty day moving average is C$134.63 and its 200 day moving average is C$153.04.

Colliers International Group (TSE:CIGI) last released 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%. As a group, equities research analysts forecast that Colliers International Group Inc. will post 9.457457 EPS for the current year.

About Colliers International Group

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.