Canadian General Investments (TSE:CGI) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Canadian General Investments (TSE:CGIGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$40.52 and traded as low as C$40.02. Canadian General Investments shares last traded at C$40.54, with a volume of 2,937 shares changing hands.

Canadian General Investments Stock Up 0.3 %

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 business has a fifty day simple moving average of C$40.52 and a two-hundred day simple moving average of C$39.93. The company has a market capitalization of C$853.06 million, a price-to-earnings ratio of 5.23 and a beta of 1.18.

Canadian General Investments Company Profile

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Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.

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