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

Canadian General Investments (LON:CGI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,176.77 ($28.81) and traded as low as GBX 1,710 ($22.63). Canadian General Investments shares last traded at GBX 1,790 ($23.69), with a volume of 6,695 shares traded.

Canadian General Investments Price Performance

The company has a 50-day moving average of GBX 2,015.39 and a 200 day moving average of GBX 2,176.77. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42. The stock has a market capitalization of £649.58 million, a PE ratio of 3.99 and a beta of 1.18.

About Canadian General Investments

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.