Canadian General Investments (LON:CGI) Share Price Crosses Below 200 Day Moving Average – What’s Next?

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 2,215.81 ($28.73) and traded as low as GBX 1,934 ($25.08). Canadian General Investments shares last traded at GBX 1,941.65 ($25.18), with a volume of 1,236 shares.

Canadian General Investments Stock Down 1.9 %

The stock’s fifty day moving average price is GBX 2,179.52 and its 200-day moving average price is GBX 2,212.37. 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 company has a market capitalization of £715.27 million, a price-to-earnings ratio of 4.39 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.