Currency Exchange International (TSE:CXI) Reaches New 12-Month High – Time to Buy?

Currency Exchange International, Corp. (TSE:CXIGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$30.95 and last traded at C$30.95, with a volume of 1116 shares changing hands. The stock had previously closed at C$30.00.

Currency Exchange International Stock Up 1.5%

The company’s 50-day moving average is C$29.69 and its 200 day moving average is C$27.19. The stock has a market capitalization of C$180.45 million, a PE ratio of 38.06 and a beta of 0.43. The company has a current ratio of 2.99, a quick ratio of 1.62 and a debt-to-equity ratio of 7.26.

Currency Exchange International (TSE:CXIGet Free Report) last released its earnings results on Tuesday, June 9th. The company reported C$0.54 earnings per share for the quarter. Currency Exchange International had a net margin of 6.49% and a return on equity of 5.76%. The company had revenue of C$24.43 million for the quarter. As a group, analysts anticipate that Currency Exchange International, Corp. will post 2.9278107 EPS for the current year.

Insider Activity at Currency Exchange International

In other news, insider Christopher Jon Johnson sold 2,966 shares of Currency Exchange International stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$25.73, for a total transaction of C$76,315.18. Following the completion of the sale, the insider directly owned 3,000 shares in the company, valued at approximately C$77,190. The trade was a 49.72% decrease in their ownership of the stock. Insiders own 25.60% of the company’s stock.

Currency Exchange International Company Profile

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Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, www.cxifx.com (‘CXIFX’), its related APIs with core banking platforms, and through personal relationship managers.

Further Reading

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