Canadian General Investments (LON:CGI) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Canadian General Investments (LON:CGI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,093.68 ($28.16) and traded as low as GBX 2,070 ($27.84). Canadian General Investments shares last traded at GBX 2,074 ($27.89), with a volume of 1,517 shares changing hands.

Canadian General Investments Stock Performance

The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The company’s fifty day moving average is GBX 1,962.18 and its 200 day moving average is GBX 2,093.68. The company has a market cap of £752.65 million, a P/E ratio of 4.62 and a beta of 1.18.

Canadian General Investments Company Profile

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited.