Currency Exchange International (TSE:CXI) Hits New 12-Month High – Here’s Why

Currency Exchange International, Corp. (TSE:CXI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$29.00 and last traded at C$28.65, with a volume of 5375 shares trading hands. The stock had previously closed at C$28.65.

Analyst Upgrades and Downgrades

Separately, Acumen Capital boosted their target price on shares of Currency Exchange International from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$32.00.

Currency Exchange International Stock Performance

The stock’s 50-day moving average is C$23.46 and its 200-day moving average is C$22.90. The company has a current ratio of 2.65, a quick ratio of 1.62 and a debt-to-equity ratio of 14.28. The stock has a market cap of C$175.74 million, a price-to-earnings ratio of 16.95 and a beta of 0.65.

Currency Exchange International (TSE:CXI) last released its quarterly earnings data on Wednesday, January 21st. The company reported C$1.03 earnings per share (EPS) for the quarter. Currency Exchange International had a net margin of 2.90% and a return on equity of 3.06%. The company had revenue of C$28.92 million during the quarter. On average, analysts expect that Currency Exchange International, Corp. will post 2.9278107 EPS for the current year.

Currency Exchange International Company Profile

Currency Exchange International Corp operates as a money service business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.