City of London Investment Group (LON:CLIG) Shares Cross Below 200-Day Moving Average – Should You Sell?

City of London Investment Group Plc (LON:CLIG) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 370.29 and traded as low as GBX 356. City of London Investment Group shares last traded at GBX 367, with a volume of 57,839 shares trading hands.

City of London Investment Group Price Performance

The company has a debt-to-equity ratio of 4.72, a quick ratio of 2.68 and a current ratio of 3.86. The company has a market cap of £176.63 million, a P/E ratio of 9.16 and a beta of 0.47. The firm’s fifty day moving average is GBX 376.88 and its two-hundred day moving average is GBX 370.19.

Insider Activity

In other City of London Investment Group news, insider Peter E. Roth bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were bought at an average price of GBX 368 per share, with a total value of £18,400. Corporate insiders own 43.90% of the company’s stock.

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.