City of London Investment Group (LON:CLIG) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

City of London Investment Group Plc (LON:CLIG)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 368 ($4.70) and traded as low as GBX 320 ($4.09). City of London Investment Group shares last traded at GBX 320 ($4.09), with a volume of 27,345 shares trading hands.

City of London Investment Group Trading Down 2.7 %

The company has a quick ratio of 2.68, a current ratio of 3.86 and a debt-to-equity ratio of 4.72. The firm’s 50-day simple moving average is GBX 346.29 and its 200 day simple moving average is GBX 368. The firm has a market cap of £154.68 million, a P/E ratio of 10.30 and a beta of 0.47.

City of London Investment Group (LON:CLIG) last issued its quarterly earnings data on Tuesday, February 25th. The closed-end fund reported GBX 19 ($0.24) earnings per share (EPS) for the quarter. City of London Investment Group had a return on equity of 12.88% and a net margin of 27.80%. As a group, analysts expect that City of London Investment Group Plc will post 31.8965517 earnings per share for the current year.

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.