Canadian General Investments (TSE:CGI) Share Price Passes Below 50-Day Moving Average – Here’s Why

Canadian General Investments (TSE:CGIGet Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$40.70 and traded as low as C$40.00. Canadian General Investments shares last traded at C$40.00, with a volume of 3,649 shares trading hands.

Canadian General Investments Price Performance

The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The stock has a market cap of C$825.43 million, a PE ratio of 5.07 and a beta of 1.18. The company’s 50 day moving average is C$40.65 and its 200-day moving average is C$39.88.

Canadian General Investments Company Profile

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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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