City of London Investment Group (LON:CLIG) Share Price Crosses Below Two Hundred Day Moving Average of $440.43

City of London Investment Group PLC (LON:CLIGGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 440.43 ($5.32) and traded as low as GBX 402.82 ($4.87). City of London Investment Group shares last traded at GBX 406 ($4.91), with a volume of 22,908 shares.

City of London Investment Group Trading Up 1.0 %

The business has a fifty day moving average of GBX 413.96 and a 200-day moving average of GBX 440.43. The stock has a market capitalization of £205.76 million and a price-to-earnings ratio of 944.19. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.52 and a quick ratio of 3.52.

City of London Investment Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, September 29th will be issued a dividend of GBX 22 ($0.27) per share. This represents a yield of 5.39%. The ex-dividend date is Thursday, September 29th. City of London Investment Group’s payout ratio is currently 76.74%.

Insider Buying and Selling

In related news, insider Jane Stabile purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were purchased at an average price of GBX 437 ($5.28) per share, with a total value of £21,850 ($26,401.64).

About City of London Investment Group

(Get Rating)

City of London Investment Group PLC is a publically owned investment manager. The firm provides client focused equity portfolios. It invests in public equity markets across the globe. The firm invests in small cap companies in emerging markets to create its portfolios. It uses combination of macroeconomic, qualitative, and top down company analysis to make its investments.

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