City of London Investment Group (LON:CLIG) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

City of London Investment Group Plc (LON:CLIG) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 439.89 and traded as high as GBX 484. City of London Investment Group shares last traded at GBX 482, with a volume of 128,771 shares changing hands.

City of London Investment Group Stock Down 0.4%

The company has a 50 day moving average price of GBX 441.01 and a two-hundred day moving average price of GBX 412.47. The company has a debt-to-equity ratio of 3.30, a current ratio of 74.85 and a quick ratio of 2.68. The stock has a market cap of £237.98 million, a PE ratio of 11.45 and a beta of 0.32.

Insider Buying and Selling

In other City of London Investment Group news, insider Cooper Abbott purchased 5,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average cost of GBX 439 per share, with a total value of £21,950. Insiders own 43.97% of the company’s stock.

About City of London Investment Group

City of London Investment Group PLC (CLIG) is a specialist asset management group listed on the London Stock Exchange, consisting of two wholly owned subsidiaries, City of London Investment Management Company Limited and Karpus Investment Management.

City of London Investment Management Company Limited (CLIM) has deep expertise in Global and International investing including Emerging Markets as well as Listed Private Equity and its multi-asset class, “go anywhere” strategy, Opportunistic Value.