City of London Investment Group (LON:CLIG) Announces Quarterly Earnings Results

City of London Investment Group (LON:CLIG) announced its quarterly earnings data on Tuesday. The closed-end fund reported GBX 19 ($0.24) earnings per share for the quarter, Digital Look Earnings reports. City of London Investment Group had a return on equity of 12.88% and a net margin of 27.80%.

City of London Investment Group Stock Performance

LON CLIG remained flat at GBX 360 ($4.57) during trading on Thursday. 50,994 shares of the company’s stock traded hands, compared to its average volume of 40,750. 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 stock has a market capitalization of £174.01 million, a PE ratio of 11.58 and a beta of 0.47. City of London Investment Group has a 1-year low of GBX 302 ($3.83) and a 1-year high of GBX 400 ($5.07). The business’s 50-day simple moving average is GBX 369.15 and its 200 day simple moving average is GBX 374.15.

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.