Canadian General Investments (LON:CGI) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• Canadian General Investments' stock price has recently crossed above its 50-day moving average of GBX 2,260.89, reaching a peak of GBX 2,409.50 during trading.
• The company has a market capitalization of £500.91 million and a price-to-earnings ratio of 269.19, indicating a high valuation relative to its earnings.
• Canadian General Investments, established in 1930, focuses on medium- to long-term investments in primarily Canadian corporations aiming to provide better-than-average returns through prudent management.

Canadian General Investments (LON:CGI - )'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 2,260.89 ($30.58) and traded as high as GBX 2,409.50 ($32.59). Canadian General Investments shares last traded at GBX 2,402 ($32.49), with a volume of 1,008 shares changing hands.

Canadian General Investments Stock Down 0.2%

The firm's 50-day moving average price is GBX 2,260.89 and its 200 day moving average price is GBX 2,075.16. The company has a market capitalization of £500.91 million, a price-to-earnings ratio of 269.19 and a beta of 1.18. The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42.

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.

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