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

The Conygar Investment Company PLC (LON:CIC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 28.48 and traded as low as GBX 23. Conygar Investment shares last traded at GBX 24, with a volume of 109,831 shares traded.

Conygar Investment Trading Up 2.1%

The business has a 50-day moving average price of GBX 23.78 and a 200-day moving average price of GBX 28.48. The company has a quick ratio of 11.14, a current ratio of 0.22 and a debt-to-equity ratio of 75.98. The firm has a market capitalization of £14.31 million, a P/E ratio of -1.51 and a beta of 0.63.

Conygar Investment (LON:CIC) last issued its earnings results on Friday, May 15th. The company reported GBX 21.39 EPS for the quarter. Conygar Investment had a negative return on equity of 19.67% and a negative net margin of 29.54%.The firm had revenue of GBX 2,112 million during the quarter.

About Conygar Investment

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.