Colliers International Group (TSE:CIGI) Stock Falls 1.7% – Time to Sell?

Colliers International Group Inc. (TSE:CIGI)’s share price fell 1.7% during mid-day trading on Wednesday. The stock traded as low as C$119.45 and last traded at C$122.44. 201,029 shares were traded during trading, an increase of 85% from the average session volume of 108,689 shares. The stock had previously closed at C$124.61.

Colliers International Group Stock Down 1.7%

The firm has a market cap of C$6.26 billion, a P/E ratio of 58.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.19. The firm’s 50 day moving average is C$135.76 and its two-hundred day moving average is C$138.29. The company has a current ratio of 5.40, a quick ratio of 0.58 and a debt-to-equity ratio of 214.41.

Colliers International Group (TSE:CIGI) last issued its earnings results on Thursday, July 30th. The company reported C$2.60 EPS for the quarter. The firm had revenue of C$2.23 billion during the quarter. Colliers International Group had a net margin of 1.83% and a return on equity of 7.19%. As a group, research analysts anticipate that Colliers International Group Inc. will post 9.457457 EPS for the current fiscal year.

Colliers International Group Company Profile

Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company operating through three industry leading businesses: Commercial Real Estate, Engineering, and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership – driving strong alignment and sustained value creation for our shareholders.