Conygar Investment (LON:CIC) Share Price Crosses 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 31.73 and traded as low as GBX 25.30. Conygar Investment shares last traded at GBX 26.60, with a volume of 52,389 shares changing hands.

Conygar Investment Trading Up 0.4%

The stock has a market cap of £15.86 million, a P/E ratio of -0.81 and a beta of 0.39. The company has a debt-to-equity ratio of 114.71, a quick ratio of 11.14 and a current ratio of 0.20. The stock’s fifty day moving average is GBX 30.75 and its 200 day moving average is GBX 31.73.

Conygar Investment (LON:CIC) last issued its quarterly earnings data on Monday, February 16th. The company reported GBX (32.78) earnings per share for the quarter. Conygar Investment had a negative return on equity of 36.90% and a negative net margin of 89.31%.

Insider Activity at Conygar Investment

In related news, insider Bimaljit S. (Bim) Sandhu purchased 240,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of GBX 32 per share, for a total transaction of £76,800. Also, insider Robert T. E. Ware acquired 100,000 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were purchased at an average cost of GBX 32 per share, with a total value of £32,000. Insiders own 25.95% of the company’s stock.

About Conygar Investment

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.