Canaccord Genuity Group (TSE:CF) Reaches New 52-Week Low – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF)’s share price hit a new 52-week low on Monday . The stock traded as low as C$7.45 and last traded at C$7.68, with a volume of 5921 shares trading hands. The stock had previously closed at C$7.89.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CF. TD Securities lowered Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Cormark upgraded Canaccord Genuity Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 3rd.

Canaccord Genuity Group Price Performance

The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05. The company has a market cap of C$840.76 million, a PE ratio of -34.40, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock has a fifty day moving average price of C$8.51 and a 200-day moving average price of C$9.43.

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.