Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN – Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $10.20 and traded as high as $10.72. Institutional Financial Markets shares last traded at $10.69, with a volume of 8,415 shares.

Institutional Financial Markets Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day simple moving average is $10.17 and its 200-day simple moving average is $13.58. The company has a market cap of $30.75 million, a price-to-earnings ratio of 1.38 and a beta of 1.06.

Institutional Financial Markets (NYSEAMERICAN:COHN – Get Free Report) last posted its quarterly earnings data on Thursday, November 12th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.32). Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. The firm had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $40.80 million. On average, equities research analysts anticipate that Institutional Financial Markets, Inc. will post 1.90 EPS for the current year.

Institutional Financial Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Monday, November 30th. Institutional Financial Markets’s dividend payout ratio (DPR) is presently 24.45%.

About Institutional Financial Markets

(Get Free Report)

Institutional Financial Markets, Inc. (NYSE American: COHN) is a financial services company focused primarily on institutional fixed-income markets. Through its broker-dealer operations, the company provides sales, trading and market-making services involving a range of debt securities, including corporate, mortgage-backed, asset-backed and municipal securities. The company also engages in investment banking and related capital-markets activities, serving institutional investors, issuers and other financial-market participants.

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