City of London Investment Group (LON:CLIG) Shares Down 11.9% – Should You Sell?

City of London Investment Group Plc (LON:CLIG)’s stock price fell 11.9% on Monday. The stock traded as low as GBX 455 and last traded at GBX 458. 350,982 shares were traded during mid-day trading, an increase of 312% from the average session volume of 85,210 shares. The stock had previously closed at GBX 520.

City of London Investment Group Price Performance

The company has a debt-to-equity ratio of 3.83, a quick ratio of 2.68 and a current ratio of 83.10. The stock has a market capitalization of £225.52 million, a price-to-earnings ratio of 9.35 and a beta of 0.33. The business’s 50 day simple moving average is GBX 497.87 and its 200-day simple moving average is GBX 460.93.

About City of London Investment Group

City of London Investment Group PLC (CLIG) is a globally orientated active asset management firm listed on the London Stock Exchange, consisting of two wholly owned subsidiaries, City of London Investment Management Company Limited and Karpus Investment Management.

City of London Investment Management Company Limited has deep expertise in Global and International investing including Emerging Markets and Listed Private Equity. CLIM manages money primarily for institutional clients.

Karpus Investment Management provides investment strategies across fixed income and balanced asset classes, primarily to wealth management clients in the United States.