Canaccord Genuity Group (OTCMKTS:CCORF) Stock Passes Above 50 Day Moving Average – Should You Sell?

Canaccord Genuity Group Inc. (OTCMKTS:CCORF) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.21 and traded as high as $8.21. Canaccord Genuity Group shares last traded at $8.20, with a volume of 9,863 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities reaffirmed a “buy” rating on shares of Canaccord Genuity Group in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Canaccord Genuity Group presently has an average rating of “Buy”.

Canaccord Genuity Group Stock Performance

The company has a fifty day moving average price of $8.21 and a 200-day moving average price of $7.86.

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.