Canaccord Genuity Group (OTCMKTS:CCORF) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Canaccord Genuity Group Inc. (OTCMKTS:CCORF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.29 and traded as high as $8.8950. Canaccord Genuity Group shares last traded at $8.80, with a volume of 6,811 shares.

Analyst Ratings Changes

Separately, TD Securities restated a “buy” rating on shares of Canaccord Genuity Group in a research note on Monday, November 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Canaccord Genuity Group currently has a consensus rating of “Buy”.

Canaccord Genuity Group Price Performance

The stock has a fifty day moving average price of $8.29 and a 200 day moving average price of $7.93.

About Canaccord Genuity Group

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.