Conygar Investment (LON:CIC) Shares Cross Below 200 Day Moving Average – Time to Sell?

The Conygar Investment Company PLC (LON:CIC) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 60.87 ($0.77) and traded as low as GBX 39.60 ($0.50). Conygar Investment shares last traded at GBX 40 ($0.50), with a volume of 622,975 shares changing hands.

Conygar Investment Trading Down 2.2 %

The company has a quick ratio of 11.14, a current ratio of 0.38 and a debt-to-equity ratio of 90.96. The company has a market capitalization of £23.91 million, a P/E ratio of -0.77 and a beta of 0.51. The business has a fifty day moving average price of GBX 44.39 and a 200 day moving average price of GBX 60.61.

Conygar Investment (LON:CIC) last released its quarterly earnings results on Tuesday, December 17th. The company reported GBX (56.46) (($0.71)) earnings per share for the quarter. Conygar Investment had a negative return on equity of 40.74% and a negative net margin of 632.25%.

Insider Transactions at Conygar Investment

In related news, insider Nigel J. Hamway purchased 120,000 shares of Conygar Investment stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of GBX 42 ($0.53) per share, with a total value of £50,400 ($63,436.12). Also, insider Robert T. E. Ware purchased 65,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 47 ($0.59) per share, for a total transaction of £30,550 ($38,451.86). Company insiders own 22.98% of the company’s stock.

Conygar Investment Company Profile

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.