Shares of CI Financial Corp. (NYSE:CIXXF – Get Free Report) gapped down before the market opened 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.
CI Financial Stock Performance
The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -68.32 and a beta of 1.31. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The company’s fifty day simple moving average is $14.97 and its two-hundred day simple moving average is $12.64.
CI Financial Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.1471 dividend. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, September 27th. CI Financial’s dividend payout ratio (DPR) is presently -235.99%.
About CI Financial
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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