Canaccord Genuity Group (OTCMKTS:CCORF) Shares Pass Above Fifty Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (OTCMKTS:CCORF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.93 and traded as high as $10.25. Canaccord Genuity Group shares last traded at $9.72, with a volume of 137,043 shares traded.

Analyst Ratings Changes

Separately, TD Securities restated a “buy” rating on shares of Canaccord Genuity Group in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Canaccord Genuity Group has a consensus rating of “Buy”.

Canaccord Genuity Group Stock Up 1.3%

The stock has a fifty day moving average of $8.96 and a 200-day moving average of $8.75.

About Canaccord Genuity Group

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.