Canaccord Genuity Group (OTCMKTS:CCORF) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Canaccord Genuity Group Inc. (OTCMKTS:CCORF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.13 and traded as high as $10.29. Canaccord Genuity Group shares last traded at $10.28, with a volume of 34,587 shares.

Analyst Ratings Changes

Separately, TD Securities reaffirmed a “buy” rating on shares of Canaccord Genuity Group in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Canaccord Genuity Group has a consensus rating of “Buy”.

Canaccord Genuity Group Trading Up 2.2%

The stock’s fifty day simple moving average is $9.13 and its two-hundred day simple moving average is $8.82.

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.