Canadian General Investments (LON:CGI) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Canadian General Investments (LON:CGI) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,228.67 ($28.11) and traded as low as GBX 2,165 ($27.31). Canadian General Investments shares last traded at GBX 2,175 ($27.44), with a volume of 1,816 shares traded.

Canadian General Investments Stock Down 1.6 %

The firm’s 50-day simple moving average is GBX 2,271.83 and its 200 day simple moving average is GBX 2,228.67. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79. The company has a market cap of £789.30 million, a P/E ratio of 4.84 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.