City of London Investment Group (LON:CLIG) Shares Cross Below 200 Day Moving Average – Here’s Why

City of London Investment Group Plc (LON:CLIG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 379.15 and traded as low as GBX 377.75. City of London Investment Group shares last traded at GBX 381, with a volume of 38,846 shares traded.

City of London Investment Group Stock Up 0.3%

The stock has a market cap of £186.42 million, a PE ratio of 9.67 and a beta of 0.47. The business has a fifty day moving average of GBX 381.39 and a 200-day moving average of GBX 379.15. The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68.

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.

The Company, through its subsidiary Karpus Investment Management (KIM), provides closed-end fund strategies across all asset classes to wealth management clients in the United States.