City of London Investment Group (LON:CLIG) Announces Earnings Results

City of London Investment Group (LON:CLIG) released its quarterly earnings data on Tuesday. The closed-end fund reported GBX 19 ($0.24) earnings per share for the quarter, Digital Look Earnings reports. City of London Investment Group had a net margin of 27.80% and a return on equity of 12.88%.

City of London Investment Group Trading Down 0.4 %

CLIG opened at GBX 358.71 ($4.53) on Tuesday. City of London Investment Group has a fifty-two week low of GBX 302 ($3.81) and a fifty-two week high of GBX 400 ($5.05). The firm has a market capitalization of £173.39 million, a PE ratio of 11.54 and a beta of 0.47. The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68. The company’s 50-day moving average is GBX 370.67 and its 200 day moving average is GBX 374.34.

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.