Canadian General Investments (LON:CGI) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Canadian General Investments (LON:CGI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,702.16 and traded as low as GBX 2,640. Canadian General Investments shares last traded at GBX 2,724, with a volume of 294 shares changing hands.

Canadian General Investments Stock Down 1.3%

The stock has a 50-day moving average of GBX 2,766.34 and a 200 day moving average of GBX 2,703.34. The company has a market capitalization of £555.90 million, a PE ratio of 2.15 and a beta of 0.93. The company has a quick ratio of 7.44, a current ratio of 9.42 and a debt-to-equity ratio of 11.89.

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