City of London Investment Group (LON:CLIG) Shares Cross Below Two Hundred Day Moving Average of $328.71

City of London Investment Group Plc (LON:CLIG) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 328.71 ($4.09) and traded as low as GBX 310 ($3.86). City of London Investment Group shares last traded at GBX 325 ($4.05), with a volume of 13,719 shares trading hands.

City of London Investment Group Stock Performance

The stock’s 50-day moving average is GBX 328.60 and its 200 day moving average is GBX 328.71. The firm has a market cap of £164.71 million, a P/E ratio of 1,120.69 and a beta of 0.48. The company has a debt-to-equity ratio of 3.76, a quick ratio of 2.68 and a current ratio of 3.89.

City of London Investment Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a dividend of GBX 11 ($0.14) per share. This represents a yield of 3.3%. The ex-dividend date of this dividend was Thursday, February 29th. City of London Investment Group’s dividend payout ratio (DPR) is presently 11,379.31%.

About City of London Investment Group

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.