City of London Investment Group (LON:CLIG) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

City of London Investment Group Plc (LON:CLIG)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 376.42 ($4.68) and traded as low as GBX 346 ($4.30). City of London Investment Group shares last traded at GBX 352 ($4.38), with a volume of 61,174 shares.

City of London Investment Group Price Performance

The company has a debt-to-equity ratio of 3.73, a quick ratio of 2.68 and a current ratio of 3.86. The firm has a market capitalization of £173.42 million, a price-to-earnings ratio of 1,365.38 and a beta of 0.47. The business has a fifty day moving average of GBX 380.24 and a two-hundred day moving average of GBX 376.42.

About City of London Investment Group

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.