Currency Exchange International (TSE:CXI) Stock Crosses Above 50-Day Moving Average – What’s Next?

Currency Exchange International, Corp. (TSE:CXI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$28.39 and traded as high as C$29.98. Currency Exchange International shares last traded at C$29.98, with a volume of 8,148 shares trading hands.

Currency Exchange International Price Performance

The company’s 50-day simple moving average is C$28.39 and its 200 day simple moving average is C$26.62. The company has a market capitalization of C$177.66 million, a P/E ratio of 37.48 and a beta of 0.52. The company has a quick ratio of 1.62, a current ratio of 2.99 and a debt-to-equity ratio of 7.26.

Currency Exchange International (TSE:CXI) last released its quarterly earnings results on Tuesday, June 9th. The company reported C$0.54 earnings per share for the quarter. Currency Exchange International had a net margin of 6.49% and a return on equity of 5.76%. The business had revenue of C$24.43 million for the quarter. As a group, sell-side analysts expect that Currency Exchange International, Corp. will post 2.9278107 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Currency Exchange International news, insider Christopher Jon Johnson sold 2,966 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$25.73, for a total transaction of C$76,315.18. Following the transaction, the insider directly owned 3,000 shares of the company’s stock, valued at C$77,190. This represents a 49.72% decrease in their ownership of the stock. 25.60% of the stock is owned by insiders.

About Currency Exchange International

Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, www.cxifx.com (‘CXIFX’), its related APIs with core banking platforms, and through personal relationship managers.