Canadian General Investments (TSE:CGI) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Canadian General Investments (TSE:CGI) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$52.00 and traded as low as C$50.75. Canadian General Investments shares last traded at C$51.14, with a volume of 1,720 shares trading hands.

Canadian General Investments Stock Up 0.3%

The stock’s 50 day moving average price is C$51.98 and its 200-day moving average price is C$50.39. 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 company has a market cap of C$1.07 billion, a PE ratio of 4.12 and a beta of 1.12.

Insider Transactions at Canadian General Investments

In related news, Director Clive William Robinson acquired 750 shares of the stock in a transaction on Friday, July 17th. The stock was purchased at an average price of C$51.25 per share, for a total transaction of C$38,437.50. Following the completion of the transaction, the director owned 7,500 shares of the company’s stock, valued at C$384,375. This trade represents a 11.11% increase in their position. 16.00% of the stock is currently 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.