Colliers International Group (TSE:CIGI) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Colliers International Group Inc. (TSE:CIGI)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$202.26 and traded as low as C$196.00. Colliers International Group shares last traded at C$199.25, with a volume of 34,729 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their target price on Colliers International Group from C$160.00 to C$180.00 in a research report on Thursday, October 31st.

Colliers International Group Price Performance

The company has a debt-to-equity ratio of 85.02, a quick ratio of 0.58 and a current ratio of 1.03. The company has a market capitalization of C$10.02 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.66. The company has a 50-day moving average price of C$202.26 and a 200-day moving average price of C$193.14.

Colliers International Group Company Profile

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.