CI Financial Corp. (NYSE:CIXXF – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $16.93, but opened at $16.41. CI Financial shares last traded at $16.41, with a volume of 312 shares changing hands.
CI Financial Stock Performance
The stock has a market capitalization of $2.46 billion, a P/E ratio of -68.32 and a beta of 1.31. The company’s 50-day moving average is $14.97 and its two-hundred day moving average is $12.64. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.53.
CI Financial Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.1471 dividend. The ex-dividend date was Friday, September 27th. This represents a yield of 4.37%. CI Financial’s dividend payout ratio is presently -235.99%.
CI Financial Company Profile
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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