Canadian Life Companies Split (TSE:LFE) Stock Price Down 2.8% – Should You Sell?

Canadian Life Companies Split Corp. (TSE:LFE) dropped 2.8% during mid-day trading on Monday . The company traded as low as C$5.49 and last traded at C$5.49. Approximately 78,198 shares traded hands during trading, an increase of 7% from the average daily volume of 72,818 shares. The stock had previously closed at C$5.65.

Canadian Life Companies Split Trading Down 2.8 %

The firm has a market capitalization of C$56.22 million, a price-to-earnings ratio of 4.16 and a beta of 2.91. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The company has a 50-day moving average price of C$6.84 and a 200-day moving average price of C$5.88.

Canadian Life Companies Split Company Profile

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.