City of London Investment Group (LON:CLIG) Shares Cross Below 200 Day Moving Average – Here’s What Happened

City of London Investment Group Plc (LON:CLIG)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 371.71 and traded as low as GBX 364. City of London Investment Group shares last traded at GBX 377, with a volume of 14,982 shares trading hands.

City of London Investment Group Trading Down 1.3%

The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68. The company has a market capitalization of £182.02 million, a P/E ratio of 9.44 and a beta of 0.47. The firm has a fifty day moving average price of GBX 372.45 and a 200-day moving average price of GBX 371.74.

Insider Transactions at City of London Investment Group

In other City of London Investment Group news, insider Peter E. Roth bought 5,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was purchased at an average cost of GBX 368 per share, with a total value of £18,400. 43.90% of the stock is owned by company insiders.

About City of London Investment Group

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.

The Company, through its subsidiary Karpus Investment Management (KIM), provides closed-end fund strategies across all asset classes to wealth management clients in the United States.