Canadian General Investments (LON:CGI) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of Canadian General Investments (LON:CGIGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,208.54 ($28.43) and traded as low as GBX 1,993 ($25.66). Canadian General Investments shares last traded at GBX 1,993 ($25.66), with a volume of 846 shares changing hands.

Canadian General Investments Stock Performance

The company has a market cap of £723.25 million, a PE ratio of 4.44 and a beta of 1.18. The company has a 50-day moving average of GBX 2,153.65 and a 200-day moving average of GBX 2,208.54. 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

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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.

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