Conygar Investment (LON:CIC) Shares Cross Below 200 Day Moving Average – What’s Next?

The Conygar Investment Company PLC (LON:CIC)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 30.16 and traded as low as GBX 22.43. Conygar Investment shares last traded at GBX 22.43, with a volume of 41,750 shares changing hands.

Conygar Investment Stock Performance

The stock has a market cap of £13.37 million, a price-to-earnings ratio of -0.68 and a beta of 0.52. The company has a debt-to-equity ratio of 75.98, a quick ratio of 11.14 and a current ratio of 0.22. The company’s 50 day simple moving average is GBX 24.46 and its 200 day simple moving average is GBX 30.16.

Conygar Investment (LON:CIC) last released its earnings results on Friday, May 15th. The company reported GBX 21.39 EPS for the quarter. The firm had revenue of GBX 2,112 million for the quarter. Conygar Investment had a negative net margin of 29.54% and a negative return on equity of 19.67%.

About Conygar Investment

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.