Currency Exchange International (TSE:CXI) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Currency Exchange International, Corp. (TSE:CXI) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$23.69 and traded as low as C$22.60. Currency Exchange International shares last traded at C$22.60, with a volume of 1,160 shares.

Analyst Ratings Changes

Separately, Acumen Capital increased their price target on Currency Exchange International from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$30.00.

Currency Exchange International Trading Up 1.8%

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 company has a market capitalization of C$140.26 million, a P/E ratio of 32.75 and a beta of 0.36. The business has a fifty day moving average price of C$23.69 and a 200 day moving average price of C$21.69.

About Currency Exchange International

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.