Colliers International Group (TSE:CIGI) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Colliers International Group Inc. (TSE:CIGI)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$175.50 and traded as low as C$147.56. Colliers International Group shares last traded at C$147.93, with a volume of 47,726 shares.

Colliers International Group Stock Performance

The stock has a market cap of C$7.27 billion, a P/E ratio of 70.41, a price-to-earnings-growth ratio of 0.48 and a beta of 1.29. The company has a current ratio of 5.75, a quick ratio of 0.58 and a debt-to-equity ratio of 149.23. The stock has a 50 day simple moving average of C$173.16 and a 200 day simple moving average of C$198.98.

Colliers International Group (TSE:CIGI) last released 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 company had revenue of C$2.13 billion for the quarter. On average, equities analysts expect that Colliers International Group Inc. will post 9.457457 earnings per share for the current 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.