Canadian General Investments (LON:CGI) Stock Passes Below 200 Day Moving Average – Here’s Why

Canadian General Investments (LON:CGI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,229.26 ($28.27) and traded as low as GBX 2,160 ($27.39). Canadian General Investments shares last traded at GBX 2,168 ($27.50), with a volume of 4,029 shares.

Canadian General Investments Trading Up 1.8 %

The firm has a market capitalization of £812.89 million, a PE ratio of 4.99 and a beta of 1.18. 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’s fifty day moving average price is GBX 2,258.82 and its 200 day moving average price is GBX 2,229.26.

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.