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

City of London Investment Group logo with Financial Services background

City of London Investment Group Plc (LON:CLIG - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 365.15 ($4.94) and traded as low as GBX 362 ($4.89). City of London Investment Group shares last traded at GBX 363 ($4.91), with a volume of 12,080 shares trading hands.

City of London Investment Group Stock Performance

The stock's 50-day moving average price is GBX 355.51 and its 200-day moving average price is GBX 364.23. The company has a market cap of £176.43 million, a P/E ratio of 11.74 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.

About City of London Investment Group

(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.

Further Reading

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