City of London Investment Group (LON:CLIG) Stock Price Passes Below 200-Day Moving Average – Here’s Why

City of London Investment Group Plc (LON:CLIG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 371.69 ($4.79) and traded as low as GBX 330 ($4.25). City of London Investment Group shares last traded at GBX 330 ($4.25), with a volume of 45,604 shares changing hands.

City of London Investment Group Price Performance

The stock’s 50 day moving average price is GBX 353.90 and its two-hundred day moving average price is GBX 371.40. 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 has a market capitalization of £167.73 million, a price-to-earnings ratio of 11.16 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 for the quarter. City of London Investment Group had a net margin of 27.80% and a return on equity of 12.88%. Analysts anticipate that City of London Investment Group Plc will post 31.8965517 EPS for the current fiscal 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.