Canadian Life Companies Split (TSE:LFE) Stock Crosses Below Fifty Day Moving Average of $4.56

Canadian Life Companies Split Corp. (TSE:LFE) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.56 and traded as low as C$4.13. Canadian Life Companies Split shares last traded at C$4.19, with a volume of 4,700 shares traded.

Canadian Life Companies Split Stock Up 2.4 %

The company has a debt-to-equity ratio of 230.86, a quick ratio of 1.33 and a current ratio of 1.43. The company has a market capitalization of C$49.38 million, a price-to-earnings ratio of 4.33 and a beta of 3.02. The firm’s 50-day simple moving average is C$4.55 and its 200-day simple moving average is C$4.08.

Canadian Life Companies Split Company Profile

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.