City of London Investment Group (LON:CLIG) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

City of London Investment Group Plc (LON:CLIG)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 442.23 and traded as high as GBX 469. City of London Investment Group shares last traded at GBX 461, with a volume of 136,172 shares trading hands.

City of London Investment Group Stock Down 4.1%

The firm has a 50-day moving average of GBX 490.21 and a 200 day moving average of GBX 442.49. The stock has a market capitalization of £217.15 million, a price-to-earnings ratio of 9.00 and a beta of 0.33. The company has a current ratio of 83.10, a quick ratio of 2.68 and a debt-to-equity ratio of 3.83.

Insider Activity at City of London Investment Group

In other news, insider Rian Dartnell purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was acquired at an average cost of GBX 455 per share, with a total value of £22,750. Insiders have acquired 10,000 shares of company stock worth $4,479,280 over the last 90 days. Insiders own 43.97% of the company’s stock.

City of London Investment Group Company Profile

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.