Canadian General Investments (LON:CGI) Sets New 1-Year Low – Time to Sell?

Canadian General Investments (LON:CGI) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,884.80 ($24.37) and last traded at GBX 1,886 ($24.38), with a volume of 647 shares traded. The stock had previously closed at GBX 1,900 ($24.56).

Canadian General Investments Price Performance

The stock has a market cap of £733.05 million, a P/E ratio of 4.50 and a beta of 1.18. The business has a 50-day simple moving average of GBX 2,128.49 and a 200 day simple moving average of GBX 2,205.34. The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42.

About Canadian General Investments

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.