Canadian Life Companies Split (TSE:LFE) Shares Cross Below 50 Day Moving Average of $4.56

Shares of Canadian Life Companies Split Corp. (TSE:LFE) crossed 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 trading hands.

Canadian Life Companies Split Trading Up 2.4 %

The firm has a market cap of C$49.38 million, a price-to-earnings ratio of 4.33 and a beta of 3.02. The company has a fifty day moving average price of C$4.55 and a 200-day moving average price of C$4.08. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 230.86.

About Canadian Life Companies Split

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.