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

Canadian General Investments (LON:CGI) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,215.81 ($28.81) and traded as low as GBX 1,934 ($25.14). Canadian General Investments shares last traded at GBX 1,941.65 ($25.24), with a volume of 1,236 shares changing hands.

Canadian General Investments Price Performance

The firm’s 50-day moving average price is GBX 2,192.34 and its 200-day moving average price is GBX 2,215.81. The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The stock has a market capitalization of £704.62 million, a PE ratio of 4.32 and a beta of 1.18.

Canadian General Investments Company Profile

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.