City of London Investment Group (LON:CLIG) Posts Quarterly Earnings Results

City of London Investment Group (LON:CLIG) announced its earnings results on Tuesday. The closed-end fund reported GBX 19 ($0.24) earnings per share (EPS) for the quarter, Digital Look Earnings reports. City of London Investment Group had a net margin of 27.80% and a return on equity of 12.88%.

City of London Investment Group Price Performance

CLIG stock traded up GBX 14 ($0.18) during trading on Thursday, reaching GBX 374 ($4.74). 22,962 shares of the company were exchanged, compared to its average volume of 40,067. The company has a market capitalization of £180.78 million, a price-to-earnings ratio of 12.03 and a beta of 0.47. 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 company has a 50-day moving average of GBX 369.15 and a two-hundred day moving average of GBX 374.15. City of London Investment Group has a twelve month low of GBX 302 ($3.83) and a twelve month high of GBX 400 ($5.07).

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.