City of London Investment Group (LON:CLIG) Trading Down 3.8% – Should You Sell?

City of London Investment Group Plc (LON:CLIG) shares traded down 3.8% on Wednesday . The stock traded as low as GBX 372 ($4.70) and last traded at GBX 377 ($4.76). 7,526 shares traded hands during trading, a decline of 82% from the average session volume of 42,341 shares. The stock had previously closed at GBX 392 ($4.95).

City of London Investment Group Stock Performance

The business’s fifty day moving average is GBX 380.80 and its two-hundred day moving average is GBX 374.05. The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 3.73. The company has a market capitalization of £190.52 million, a PE ratio of 1,500.00 and a beta of 0.47.

City of London Investment Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 3rd were given a dividend of GBX 22 ($0.28) per share. The ex-dividend date of this dividend was Thursday, October 3rd. This is a boost from City of London Investment Group’s previous dividend of $11.00. This represents a dividend yield of 6.11%. City of London Investment Group’s dividend payout ratio (DPR) is 12,692.31%.

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.