Colliers International Group (TSE:CIGI) Shares Down 1.7% – Here’s Why

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

Colliers International Group Stock Down 0.1%

The stock has a fifty day moving average of C$135.44 and a 200 day moving average of C$138.19. The company has a debt-to-equity ratio of 214.41, a current ratio of 5.40 and a quick ratio of 0.58. The firm has a market capitalization of C$6.27 billion, a P/E ratio of 58.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.19.

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

About Colliers International Group

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.