Canadian General Investments (TSE:CGI) Reaches New 1-Year High – Should You Buy?

Canadian General Investments (TSE:CGI)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$51.00 and last traded at C$51.00, with a volume of 3736 shares. The stock had previously closed at C$49.58.

Canadian General Investments Stock Performance

The company’s fifty day moving average price is C$48.61 and its two-hundred day moving average price is C$46.08. 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 firm has a market capitalization of C$1.06 billion, a PE ratio of 5.69 and a beta of -0.19.

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.