Canadian General Investments (LON:CGI) Hits New 52-Week Low – Should You Sell?

Canadian General Investments (LON:CGI) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 1,980 ($25.49) and last traded at GBX 2,018 ($25.98), with a volume of 513 shares trading hands. The stock had previously closed at GBX 2,040 ($26.26).

Canadian General Investments Trading Down 1.1 %

The company has a market cap of £732.32 million, a price-to-earnings ratio of 4.49 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a current ratio of 6.79 and a quick ratio of 7.44. The firm’s fifty day moving average price is GBX 2,237.13 and its 200-day moving average price is GBX 2,226.04.

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.