Canadian General Investments (TSE:CGI) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Canadian General Investments (TSE:CGIGet Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$40.89 and traded as low as C$39.16. Canadian General Investments shares last traded at C$39.25, with a volume of 11,027 shares changing hands.

Canadian General Investments Stock Performance

The company’s fifty day simple moving average is C$40.89 and its two-hundred day simple moving average is C$39.60. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79. The stock has a market capitalization of C$818.76 million, a P/E ratio of 5.03 and a beta of 1.18.

About Canadian General Investments

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Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.

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