Colliers International Group (TSE:CIGI) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Colliers International Group Inc. (TSE:CIGI)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$129.84 and traded as low as C$126.22. Colliers International Group shares last traded at C$126.46, with a volume of 189,824 shares traded.

Colliers International Group Stock Down 3.5%

The business’s 50 day simple moving average is C$129.84 and its 200 day simple moving average is C$142.31. The company has a debt-to-equity ratio of 202.60, a current ratio of 1.18 and a quick ratio of 0.58. The company has a market capitalization of C$6.46 billion, a PE ratio of 89.06, a P/E/G ratio of 0.48 and a beta of 1.25.

Colliers International Group (TSE:CIGI) last posted its earnings results on Wednesday, November 4th. The company reported C$2.81 EPS for the quarter. Colliers International Group had a net margin of 1.20% and a return on equity of 4.76%. The company had revenue of C$2.33 billion for the quarter. As a group, analysts anticipate that Colliers International Group Inc. will post 9.46 earnings per share 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.