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

Canadian General Investments (LON:CGI - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,208.54 ($28.59) and traded as low as GBX 1,993 ($25.80). Canadian General Investments shares last traded at GBX 1,993 ($25.80), with a volume of 846 shares changing hands.

Canadian General Investments Stock 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 stock has a market capitalization of £689.50 million, a price-to-earnings ratio of 4.23 and a beta of 1.18. The stock has a 50-day moving average of GBX 2,139.79 and a 200 day moving average of GBX 2,206.21.

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.