City of London Investment Group (LON:CLIG) Share Price Crosses Below 200 Day Moving Average – What’s Next?

City of London Investment Group Plc (LON:CLIG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 370.72 and traded as low as GBX 370. City of London Investment Group shares last traded at GBX 370, with a volume of 16,833 shares.

City of London Investment Group Price Performance

The stock has a market cap of £183.97 million, a PE ratio of 9.54 and a beta of 0.47. The stock’s fifty day moving average is GBX 371.87 and its 200-day moving average is GBX 370.76. The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68.

Insiders Place Their Bets

In other news, insider Peter E. Roth purchased 5,000 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was acquired at an average price of GBX 368 per share, with a total value of £18,400. 43.90% of the stock is owned by insiders.

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.

The Company, through its subsidiary Karpus Investment Management (KIM), provides closed-end fund strategies across all asset classes to wealth management clients in the United States.