City of London Investment Group (LON:CLIG) Stock Price Passes Below 200 Day Moving Average – Here’s Why

City of London Investment Group Plc (LON:CLIG) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 374.50 ($4.71) and traded as low as GBX 351 ($4.42). City of London Investment Group shares last traded at GBX 361 ($4.54), with a volume of 16,112 shares.

City of London Investment Group Trading Up 0.9 %

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 firm’s 50 day moving average is GBX 371.95 and its 200 day moving average is GBX 374.50. The company has a market capitalization of £176.09 million, a PE ratio of 11.72 and a beta of 0.47.

About City of London Investment Group

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.