City of London Investment Group Plc (LON:CLIG) Insider Thomas W. Griffith Sells 400,000 Shares

City of London Investment Group Plc (LON:CLIG) insider Thomas W. Griffith sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of GBX 341 ($4.63), for a total value of £1,364,000 ($1,850,746.27).

City of London Investment Group Price Performance

Shares of CLIG stock opened at GBX 345 ($4.68) on Friday. The stock has a market cap of £166.76 million, a price-to-earnings ratio of 11.10 and a beta of 0.47. The business’s fifty day moving average is GBX 359.40 and its 200 day moving average is GBX 362.40. City of London Investment Group Plc has a twelve month low of GBX 310 ($4.21) and a twelve month high of GBX 400 ($5.43). The company has a quick ratio of 2.68, a current ratio of 3.86 and a debt-to-equity ratio of 4.72.

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.