Canadian General Investments (LON:CGI) Shares Pass Below 200-Day Moving Average – Should You Sell?

Canadian General Investments (LON:CGI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,196.60 ($27.96) and traded as low as GBX 1,720 ($21.89). Canadian General Investments shares last traded at GBX 1,800 ($22.91), with a volume of 17,145 shares.

Canadian General Investments Stock Performance

The stock has a fifty day simple moving average of GBX 2,094.04 and a 200-day simple moving average of GBX 2,196.60. The stock has a market cap of £651.40 million, a P/E ratio of 4.00 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79.

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.