Colliers International Group (TSE:CIGI) Stock Passes Above 50-Day Moving Average – Here’s Why

Colliers International Group Inc. (TSE:CIGI) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$137.68 and traded as high as C$149.42. Colliers International Group shares last traded at C$145.32, with a volume of 90,470 shares traded.

Colliers International Group Price Performance

The company has a quick ratio of 0.58, a current ratio of 5.40 and a debt-to-equity ratio of 214.41. The firm’s 50 day simple moving average is C$137.95 and its 200 day simple moving average is C$145.68. The company has a market capitalization of C$7.52 billion, a PE ratio of 69.77, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

Colliers International Group (TSE:CIGI) last announced its earnings results on Thursday, July 30th. The company reported C$2.60 earnings per share for the quarter. The business had revenue of C$2.23 billion for 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.

About Colliers International Group

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.