Canadian General Investments (TSE:CGI) Trading Down 0.1% – Here’s Why
by Michael Walen · The Markets DailyCanadian General Investments (TSE:CGI – Get Free Report) fell 0.1% during trading on Tuesday . The stock traded as low as C$47.05 and last traded at C$47.65. 3,361 shares were traded during mid-day trading, a decline of 13% from the average session volume of 3,846 shares. The stock had previously closed at C$47.71.
Canadian General Investments Trading Down 0.5%
The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 3.86 and a beta of 0.95. The company has a debt-to-equity ratio of 11.89, a quick ratio of 7.44 and a current ratio of 9.42. The firm has a fifty day moving average price of C$48.62 and a 200 day moving average price of C$47.30.
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.