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

Canadian General Investments (LON:CGI) 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 changing hands.

Canadian General Investments Price Performance

The company’s 50 day simple moving average is GBX 2,179.52 and its 200 day simple moving average is GBX 2,212.37. The company has a debt-to-equity ratio of 13.42, a current ratio of 6.79 and a quick ratio of 7.44. The stock has a market cap of £715.27 million, a P/E 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.