Canadian General Investments (LON:CGI) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Canadian General Investments (LON:CGI) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,227.54 ($28.71) and traded as low as GBX 2,100 ($27.06). Canadian General Investments shares last traded at GBX 2,100 ($27.06), with a volume of 1,927 shares trading hands.

Canadian General Investments Trading Down 1.9 %

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 has a 50-day moving average of GBX 2,245.93 and a 200-day moving average of GBX 2,227.54. The stock has a market cap of £762.08 million, a price-to-earnings ratio of 4.68 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.