Colliers International Group (TSE:CIGI) Trading Down 5.9% – Here’s Why

Colliers International Group Inc. (TSE:CIGI)’s share price fell 5.9% during mid-day trading on Wednesday . The stock traded as low as C$142.27 and last traded at C$142.52. 124,645 shares were traded during trading, an increase of 16% from the average session volume of 107,049 shares. The stock had previously closed at C$151.46.

Colliers International Group Trading Down 0.6%

The stock has a market capitalization of C$7.21 billion, a PE ratio of 69.85, a price-to-earnings-growth ratio of 0.48 and a beta of 1.24. The firm has a 50-day moving average price of C$151.59 and a 200-day moving average price of C$183.78. The company has a current ratio of 5.75, a quick ratio of 0.58 and a debt-to-equity ratio of 149.23.

Colliers International Group (TSE:CIGI) last announced its earnings results on Friday, February 13th. The company reported C$3.21 earnings per share (EPS) for the quarter. Colliers International Group had a return on equity of 7.30% and a net margin of 1.86%.The firm had revenue of C$2.13 billion during the quarter. As a group, equities analysts forecast that Colliers International Group Inc. will post 9.457457 EPS for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.