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

Canadian General Investments (TSE:CGI) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$40.80 and traded as low as C$40.01. Canadian General Investments shares last traded at C$40.03, with a volume of 6,148 shares traded.

Canadian General Investments Price Performance

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 company has a market cap of C$835.03 million, a PE ratio of 5.13 and a beta of 1.18. The company has a 50-day moving average price of C$40.80 and a two-hundred day moving average price of C$39.83.

About Canadian General Investments

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.