Canadian General Investments (TSE:CGI) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Canadian General Investments (TSE:CGI) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$51.94 and traded as high as C$52.60. Canadian General Investments shares last traded at C$52.60, with a volume of 2,169 shares.

Canadian General Investments Stock Performance

The firm has a market capitalization of C$1.10 billion, a PE ratio of 4.24 and a beta of 1.10. The firm’s 50 day moving average price is C$51.94 and its 200-day moving average price is C$50.45. The company has a debt-to-equity ratio of 11.89, a quick ratio of 7.44 and a current ratio of 9.42.

Insider Activity

In other Canadian General Investments news, Director Clive William Robinson acquired 750 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was bought at an average price of C$51.25 per share, with a total value of C$38,437.50. Following the purchase, the director owned 7,500 shares in the company, valued at approximately C$384,375. The trade was a 11.11% increase in their ownership of the stock. 16.00% of the stock is owned by insiders.

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.