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

City of London Investment Group Plc (LON:CLIG)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 370.04 and traded as low as GBX 361. City of London Investment Group shares last traded at GBX 370, with a volume of 43,900 shares changing hands.

City of London Investment Group Trading Up 0.6%

The company has a market capitalization of £181.62 million, a price-to-earnings ratio of 9.42 and a beta of 0.47. 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 business’s 50-day simple moving average is GBX 371.96 and its 200-day simple moving average is GBX 370.27.

Insider Activity

In related news, insider Peter E. Roth purchased 5,000 shares of the stock in a transaction dated Monday, October 20th. The stock was bought at an average cost of GBX 368 per share, with a total value of £18,400. Insiders own 43.90% of the company’s stock.

City of London Investment Group Company Profile

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.