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

Colliers International Group Inc. (TSE:CIGI)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Colliers International Group Stock Down 1.5%

The business’s 50 day moving average is C$146.85 and its 200-day moving average is C$177.88. The company has a debt-to-equity ratio of 51.96, a quick ratio of 0.58 and a current ratio of 4.82. The firm has a market capitalization of C$6.48 billion, a price-to-earnings ratio of 77.77, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30.

Colliers International Group (TSE:CIGI) last posted its earnings results on Tuesday, May 5th. The company reported C$1.26 earnings per share (EPS) for the quarter. The business had revenue of C$1.60 billion for the quarter. Colliers International Group had a net margin of 1.48% and a return on equity of 5.76%. Equities analysts anticipate that Colliers International Group Inc. will post 9.457457 EPS 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.