Canadian General Investments (TSE:CGI) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Canadian General Investments (TSE:CGI)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$52.37 and traded as low as C$51.25. Canadian General Investments shares last traded at C$51.25, with a volume of 364 shares trading hands.

Canadian General Investments Price Performance

The company has a debt-to-equity ratio of 12.40, a current ratio of 9.07 and a quick ratio of 7.44. The company has a 50 day moving average price of C$52.35 and a 200 day moving average price of C$51.23. The firm has a market cap of C$1.06 billion, a PE ratio of 2.87 and a beta of 1.15.

Insider Transactions at Canadian General Investments

In other news, Director Clive William Robinson acquired 750 shares of the company’s stock in a transaction on Friday, July 17th. The shares were bought at an average cost of C$51.25 per share, with a total value of C$38,437.50. Following the purchase, the director owned 7,500 shares of the company’s stock, valued at C$384,375. This represents a 11.11% increase in their position. Corporate insiders own 16.00% of the company’s stock.

Canadian General Investments Company Profile

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.