Canadian General Investments (LON:CGI) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of 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 2,706.37 and traded as low as GBX 2,660. Canadian General Investments shares last traded at GBX 2,720, with a volume of 4,695 shares changing hands.

Canadian General Investments Stock Up 0.9%

The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89. The firm has a market capitalization of £576.81 million, a P/E ratio of 2.23 and a beta of 0.93. The stock’s 50-day simple moving average is GBX 2,755.72 and its 200-day simple moving average is GBX 2,708.27.

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. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.