Canadian General Investments (LON:CGI) Sets New 52-Week High – Should You Buy?

Canadian General Investments (LON:CGI)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,880 and last traded at GBX 2,880, with a volume of 3814 shares. The stock had previously closed at GBX 2,749.

Canadian General Investments Stock Up 4.8%

The firm has a market capitalization of £600.80 million, a price-to-earnings ratio of 2.32 and a beta of 0.92. The company’s 50 day moving average price is GBX 2,702.55 and its 200 day moving average price is GBX 2,627.08. The company has a quick ratio of 7.44, a current ratio of 9.42 and a debt-to-equity ratio of 11.89.

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. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.