Currency Exchange International (TSE:CXI) Sets New 12-Month High – Still a Buy?

Currency Exchange International, Corp. (TSE:CXI) 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. The stock had previously closed at C$30.00.

Currency Exchange International Stock Up 3.4%

The company has a 50-day moving average of C$29.69 and a 200-day moving average of C$27.22. The company has a current ratio of 2.99, a quick ratio of 1.62 and a debt-to-equity ratio of 7.26. The company has a market capitalization of C$186.67 million, a price-to-earnings ratio of 39.38 and a beta of 0.43.

Currency Exchange International (TSE:CXI) last issued its quarterly earnings results on Tuesday, June 9th. The company reported C$0.54 earnings per share for the quarter. The business had revenue of C$24.43 million for the quarter. Currency Exchange International had a return on equity of 5.76% and a net margin of 6.49%. On average, equities analysts predict that Currency Exchange International, Corp. will post 2.9278107 earnings per share for the current fiscal year.

Insider Buying and Selling at Currency Exchange International

In other news, insider Christopher Jon Johnson sold 2,966 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$25.73, for a total value of C$76,315.18. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at C$77,190. This trade represents a 49.72% decrease in their ownership of the stock. Corporate insiders own 25.60% of the company’s stock.

Currency Exchange International Company Profile

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.