Shares of Canadian General Investments (TSE:CGI – Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$50.96 and traded as low as C$50.58. Canadian General Investments shares last traded at C$50.58, with a volume of 1,513 shares trading hands.
Canadian General Investments Price Performance
The company has a quick ratio of 7.44, a current ratio of 9.07 and a debt-to-equity ratio of 12.40. The company’s fifty day moving average price is C$51.92 and its 200 day moving average price is C$50.96. The company has a market capitalization of C$1.06 billion, a P/E ratio of 2.85 and a beta of 1.18.
About Canadian General Investments
A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies. The Manager attempts to mitigate market risk by maintaining a well-diversified portfolio of primarily publicly-listed Canadian equities with individual positions generally not exceeding 5 percent of the total investment portfolio.
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