City of London Investment Group (LON:CLIG) Share Price Passes Below 200 Day Moving Average – Here’s Why

City of London Investment Group Plc (LON:CLIGGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 370 and traded as low as GBX 360. City of London Investment Group shares last traded at GBX 360, with a volume of 26,338 shares changing hands.

City of London Investment Group Stock Performance

The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 4.72. The company has a market capitalization of £176.14 million, a PE ratio of 9.14 and a beta of 0.47. The firm’s 50-day simple moving average is GBX 372.76 and its 200-day simple moving average is GBX 370.

Insider Activity

In other news, insider Peter E. Roth acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were bought at an average price of GBX 368 per share, with a total value of £18,400. Insiders own 43.90% of the company’s stock.

City of London Investment Group Company Profile

(Get Free Report)

City of London Investment Group PLC is a United Kingdom-based asset management company, consisting of two wholly owned subsidiaries that invest primarily in closed-end funds for the benefit of their respective clients.

The Company, through its subsidiary City of London Investment Management Company Limited (CLIM), historically specialized in Emerging Markets and has expanded its range to International, Opportunistic Value and Frontier strategies, for primarily institutional clients.

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