Colliers International Group (TSE:CIGI) Stock Falls 1.7% – What’s Next?

Colliers International Group Inc. (TSE:CIGI) shares fell 1.7% during mid-day trading on Wednesday. The stock 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 1.7%

The company has a debt-to-equity ratio of 214.41, a quick ratio of 0.58 and a current ratio of 5.40. The firm’s fifty day simple moving average is C$135.76 and its 200 day simple moving average is C$138.29. The stock has a market capitalization of C$6.26 billion, a price-to-earnings ratio of 58.03, a P/E/G ratio of 0.48 and a beta of 1.19.

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