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City of London Investment Group (LON:CLIG) Share Price Passes Above 200 Day Moving Average - Here's What Happened

City of London Investment Group logo with Financial Services background
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Key Points

  • City of London Investment Group's share price crossed above its 200-day moving average on Thursday, trading as high as GBX 409 and last at GBX 394 on volume of 115,515 shares (200‑day MA = GBX 382.43).
  • The firm is a UK asset manager focused on closed-end funds through subsidiaries CLIM and KIM, with a market cap of £195.72 million, a PE of 10.15, a beta of 0.47, and reported liquidity and leverage metrics including a quick ratio of 2.68, current ratio of 74.85, and debt-to-equity of 3.30.
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City of London Investment Group Plc (LON:CLIG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 382.43 and traded as high as GBX 409. City of London Investment Group shares last traded at GBX 394, with a volume of 115,515 shares trading hands.

City of London Investment Group Trading Up 1.5%

The company has a quick ratio of 2.68, a current ratio of 74.85 and a debt-to-equity ratio of 3.30. The stock's 50 day moving average is GBX 389.02 and its two-hundred day moving average is GBX 382.43. The company has a market capitalization of £195.72 million, a PE ratio of 10.15 and a beta of 0.47.

City of London Investment Group Company Profile

(Get Free Report)

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.

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