Canadian General Investments (LON:CGI) Stock Passes Below 200 Day Moving Average – Here’s Why

Canadian General Investments (LON:CGI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,229.26 ($28.27) and traded as low as GBX 2,160 ($27.39). Canadian General Investments shares last traded at GBX 2,168 ($27.50), with a volume of 4,029 shares trading hands.

Canadian General Investments Price Performance

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’s fifty day simple moving average is GBX 2,258.82 and its two-hundred day simple moving average is GBX 2,229.26. The stock has a market capitalization of £812.89 million, a PE ratio of 4.99 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.