City of London Investment Group (LON:CLIG) Stock Price Crosses Below 200 Day Moving Average - Here's Why

City of London Investment Group Plc (LON:CLIG - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 360.31 ($4.94) and traded as low as GBX 343.01 ($4.71). City of London Investment Group shares last traded at GBX 344 ($4.72), with a volume of 45,379 shares trading hands.

City of London Investment Group Price Performance

The business has a 50 day simple moving average of GBX 361.34 and a 200 day simple moving average of GBX 359.44. 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 stock has a market cap of £167.25 million, a PE ratio of 11.13 and a beta of 0.47.

Insider Buying and Selling

In other news, insider Rian Dartnell purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of GBX 347 ($4.76) per share, for a total transaction of £34,700 ($47,619.05). Also, insider Thomas W. Griffith sold 400,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of GBX 341 ($4.68), for a total value of £1,364,000 ($1,871,826.54). 53.72% of the stock is owned by insiders.

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.