Currency Exchange International (TSE:CXI) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Currency Exchange International, Corp. (TSE:CXI) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$25.57 and traded as low as C$25.45. Currency Exchange International shares last traded at C$25.45, with a volume of 1,000 shares trading hands.

Wall Street Analyst Weigh In

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

Currency Exchange International Stock Up 0.7%

The company has a market cap of C$152.29 million, a P/E ratio of 13.98 and a beta of 0.76. The company has a current ratio of 62.52, a quick ratio of 1.62 and a debt-to-equity ratio of 7.33. The firm’s 50 day moving average price is C$25.57 and its 200-day moving average price is C$24.57.

Currency Exchange International (TSE:CXI) last issued its earnings results on Wednesday, March 11th. The company reported C$0.44 earnings per share (EPS) for the quarter. The company had revenue of C$21.01 million for the quarter. Currency Exchange International had a net margin of 15.22% and a return on equity of 13.26%. As a group, equities research analysts expect that Currency Exchange International, Corp. will post 2.9278107 EPS for the current year.

About Currency Exchange International

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.