CI Financial (NYSE:CIXXF) Rating Lowered to Hold at Keefe, Bruyette & Woods

CI Financial (NYSE:CIXXF) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

CI Financial Price Performance

CIXXF opened at $22.11 on Monday. The stock has a 50-day moving average price of $15.77 and a 200-day moving average price of $12.97. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $3.19 billion, a PE ratio of -67.00 and a beta of 1.31. CI Financial has a 1 year low of $10.01 and a 1 year high of $22.70.

CI Financial Company Profile

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.