City of London Group (LON:CIN) Share Price Passes Above 50 Day Moving Average of $134.70

City of London Group Plc (LON:CIN) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $134.70 and traded as high as $135.00. City of London Group shares last traded at $135.00, with a volume of 184 shares.

Separately, FinnCap assumed coverage on shares of City of London Group in a report on Monday, November 25th. They set a “corporate” rating and a GBX 300 ($3.92) price objective for the company.

The stock has a market cap of $54.95 million and a price-to-earnings ratio of -11.27. The company has a debt-to-equity ratio of 216.69, a quick ratio of 1.85 and a current ratio of 2.88. The stock’s 50-day simple moving average is GBX 134.65 and its two-hundred day simple moving average is GBX 142.15.

About City of London Group (LON:CIN)

City of London Group plc primarily focuses on the provision of finance to the SME sector in the United Kingdom. It offers asset backed finance products, commercial loans, debt finance products, and leasing services to SMEs; loans to professional practice firms; and management services to third-party funds.

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