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

City of London Investment Group Plc (LON:CLIG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 371.69 ($4.80) and traded as low as GBX 330 ($4.26). City of London Investment Group shares last traded at GBX 330 ($4.26), with a volume of 45,604 shares trading hands.

City of London Investment Group Price Performance

The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68. The business’s 50-day simple moving average is GBX 354.60 and its two-hundred day simple moving average is GBX 371.69. The stock has a market cap of £159.51 million, a price-to-earnings ratio of 10.62 and a beta of 0.47.

City of London Investment Group (LON:CLIG) last posted its quarterly earnings results on Tuesday, February 25th. The closed-end fund reported GBX 19 ($0.25) earnings per share for the quarter. City of London Investment Group had a return on equity of 12.88% and a net margin of 27.80%. Research 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.