Currency Exchange International (TSE:CXI) Reaches New 1-Year High – Here’s Why

Currency Exchange International, Corp. (TSE:CXI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$25.25 and last traded at C$25.01, with a volume of 4303 shares traded. The stock had previously closed at C$24.29.

Analyst Upgrades and Downgrades

Separately, Acumen Capital raised their price target on 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 research 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 target price of C$32.00.

Currency Exchange International Stock Up 6.0%

The stock has a market capitalization of C$157.89 million, a P/E ratio of 15.23 and a beta of 0.71. The stock has a 50 day moving average price of C$22.68 and a 200-day moving average price of C$22.46. The company has a debt-to-equity ratio of 14.28, a current ratio of 2.65 and a quick ratio of 1.62.

Currency Exchange International (TSE:CXI) last issued its earnings results on Wednesday, January 21st. The company reported C$1.03 earnings per share (EPS) for the quarter. The firm had revenue of C$28.92 million for the quarter. Currency Exchange International had a net margin of 2.90% and a return on equity of 3.06%. As a group, research analysts expect that Currency Exchange International, Corp. will post 2.9278107 EPS for the current fiscal year.

Currency Exchange International Company Profile

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.