Conygar Investment (LON:CIC) Shares Pass Below 200 Day Moving Average – What’s Next?

The Conygar Investment Company PLC (LON:CIC) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 59.24 ($0.75) and traded as low as GBX 38.42 ($0.49). Conygar Investment shares last traded at GBX 38.42 ($0.49), with a volume of 6,447 shares.

Conygar Investment Price Performance

The company has a market capitalization of £23.55 million, a P/E ratio of -0.76 and a beta of 0.51. The company has a debt-to-equity ratio of 90.96, a quick ratio of 11.14 and a current ratio of 0.38. The stock has a 50 day moving average price of GBX 42.45 and a 200 day moving average price of GBX 59.24.

Conygar Investment (LON:CIC) last released its earnings results on Tuesday, December 17th. The company reported GBX (56.46) (($0.71)) EPS for the quarter. Conygar Investment had a negative return on equity of 40.74% and a negative net margin of 632.25%.

Insider Transactions at Conygar Investment

In other news, insider Robert T. E. Ware acquired 65,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of GBX 47 ($0.59) per share, for a total transaction of £30,550 ($38,597.60). Also, insider Nigel J. Hamway acquired 120,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 42 ($0.53) per share, for a total transaction of £50,400 ($63,676.56). Company insiders own 22.98% of the company’s stock.

Conygar Investment Company Profile

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.