City of London Investment Group (LON:CLIG) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of City of London Investment Group Plc (LON:CLIG) passed 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 0.2%

The firm’s 50-day simple moving average is GBX 439.89 and its 200 day simple moving average is GBX 411.71. The company has a debt-to-equity ratio of 3.30, a quick ratio of 2.68 and a current ratio of 74.85. The company has a market cap of £237.98 million, a P/E ratio of 11.45 and a beta of 0.32.

Insider Activity at City of London Investment Group

In related news, insider Cooper Abbott acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of GBX 439 per share, with a total value of £21,950. 43.97% of the stock is currently owned by company insiders.

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.