Canadian General Investments (TSE:CGI) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Canadian General Investments (TSE:CGI) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$48.00 and traded as low as C$47.59. Canadian General Investments shares last traded at C$47.75, with a volume of 6,282 shares trading hands.

Canadian General Investments Price Performance

The stock has a market capitalization of C$996.11 million, a P/E ratio of 5.35 and a beta of -0.19. The business’s 50 day simple moving average is C$48.00 and its two-hundred day simple moving average is C$45.28. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42.

About Canadian General Investments

A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies. The Manager attempts to mitigate market risk by maintaining a well-diversified portfolio of primarily publicly-listed Canadian equities with individual positions generally not exceeding 5 percent of the total investment portfolio.