City of London Investment Group (LON:CLIG) Posts Earnings Results

City of London Investment Group (LON:CLIG) issued its earnings results on Tuesday. The closed-end fund reported GBX 19 ($0.24) earnings per share (EPS) for the quarter, Digital Look Earnings reports. City of London Investment Group had a net margin of 27.80% and a return on equity of 12.88%.

City of London Investment Group Price Performance

Shares of City of London Investment Group stock opened at GBX 374 ($4.74) on Thursday. The company’s fifty day simple moving average is GBX 369.15 and its two-hundred day simple moving average is GBX 374.15. City of London Investment Group has a 12-month low of GBX 302 ($3.83) and a 12-month high of GBX 400 ($5.07). The firm has a market cap of £180.78 million, a PE ratio of 12.03 and a beta of 0.47. The company has a quick ratio of 2.68, a current ratio of 3.86 and a debt-to-equity ratio of 4.72.

City of London Investment Group Company Profile

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.