Canaccord Genuity Group (TSE:CF) Hits New 52-Week High – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$12.46 and last traded at C$12.41, with a volume of 20225 shares changing hands. The stock had previously closed at C$12.13.

Canaccord Genuity Group Trading Up 2.2%

The firm’s 50-day moving average price is C$11.56 and its 200 day moving average price is C$11.03. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of -4.66, a P/E/G ratio of 0.54 and a beta of 1.25. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 117.91.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings results on Thursday, November 13th. The financial services provider reported C$0.27 EPS for the quarter. The business had revenue of C$530.42 million during the quarter. Canaccord Genuity Group had a negative net margin of 1.33% and a negative return on equity of 2.33%. As a group, equities analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, December 10th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, November 28th. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -12.78%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.