Currency Exchange International (TSE:CXI) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Currency Exchange International, Corp. (TSE:CXI)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$23.75 and traded as low as C$23.54. Currency Exchange International shares last traded at C$23.54, with a volume of 500 shares changing hands.

Analysts Set New Price Targets

Separately, Acumen Capital boosted their target price on shares of Currency Exchange International from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Currency Exchange International currently has an average rating of “Buy” and a consensus price target of C$30.00.

Currency Exchange International Stock Up 2.3%

The stock’s fifty day simple moving average is C$23.75 and its two-hundred day simple moving average is C$21.51. The company has a debt-to-equity ratio of 14.28, a current ratio of 2.65 and a quick ratio of 1.62. The company has a market capitalization of C$146.09 million, a price-to-earnings ratio of 34.12 and a beta of 0.36.

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.