Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Passes Above 200 Day Moving Average – What’s Next?

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.86 and traded as high as $10.81. Institutional Financial Markets shares last traded at $10.81, with a volume of 1,161 shares changing hands.

Institutional Financial Markets Stock Down 1.7%

The company has a 50-day simple moving average of $11.64 and a 200 day simple moving average of $9.86. The company has a market cap of $22.05 million, a P/E ratio of 9.83 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35.

Institutional Financial Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date was Friday, August 15th. Institutional Financial Markets’s dividend payout ratio is currently 24.45%.

About Institutional Financial Markets

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries.