Conygar Investment (LON:CIC) Shares Pass Above Fifty Day Moving Average – Time to Sell?

The Conygar Investment Company PLC (LON:CIC)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 23.59 and traded as high as GBX 25. Conygar Investment shares last traded at GBX 25, with a volume of 72,729 shares trading hands.

Conygar Investment Stock Up 2.0%

The stock has a market capitalization of £14.91 million, a P/E ratio of -1.57 and a beta of 0.47. 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 firm’s 50-day simple moving average is GBX 23.59 and its 200 day simple moving average is GBX 27.42.

Conygar Investment (LON:CIC) last posted its earnings results on Friday, May 15th. The company reported GBX 21.39 earnings per share for the quarter. The business 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.