City of London Investment Group (LON:CLIG) Stock Passes Below 200 Day Moving Average – What’s Next?

City of London Investment Group Plc (LON:CLIG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 373.83 ($4.82) and traded as low as GBX 349 ($4.50). City of London Investment Group shares last traded at GBX 354 ($4.56), with a volume of 51,152 shares.

City of London Investment Group Trading Down 1.2 %

The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 4.72. The company’s fifty day moving average is GBX 366.49 and its 200-day moving average is GBX 373.83. The firm has a market capitalization of £168.99 million, a P/E ratio of 11.25 and a beta of 0.47.

City of London Investment Group (LON:CLIG) last released its earnings results on Tuesday, February 25th. The closed-end fund reported GBX 19 ($0.24) EPS for the quarter. City of London Investment Group had a net margin of 27.80% and a return on equity of 12.88%. As a group, sell-side analysts anticipate that City of London Investment Group Plc will post 31.8965517 earnings per share for the current fiscal year.

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.