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City of London Investment Group (LON:CLIG) Shares Cross Above 200-Day Moving Average - Time to Sell?

City of London Investment Group logo with Financial Services background

Key Points

  • The shares of City of London Investment Group (LON:CLIG) have crossed above their 200-day moving average, indicating potential positive momentum in the stock price.
  • Insider Rian Dartnell purchased 3,000 shares at an average cost of GBX 346, reflecting insider confidence in the company's prospects.
  • The company has a market capitalization of £191.49 million and a high price-to-earnings ratio of 1,071.04, suggesting a speculative investment scenario.
  • Five stocks we like better than City of London Investment Group.

City of London Investment Group Plc (LON:CLIG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 358.66 ($4.86) and traded as high as GBX 392 ($5.31). City of London Investment Group shares last traded at GBX 392 ($5.31), with a volume of 26,178 shares changing hands.

City of London Investment Group Price Performance

The company has a quick ratio of 2.68, a current ratio of 3.86 and a debt-to-equity ratio of 4.72. The firm's fifty day moving average price is GBX 374.66 and its two-hundred day moving average price is GBX 359.75. The stock has a market capitalization of £204.19 million, a PE ratio of 1,142.08 and a beta of 0.47.

Insider Buying and Selling at City of London Investment Group

In related news, insider Rian Dartnell acquired 3,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was purchased at an average cost of GBX 346 per share, with a total value of £10,380. 43.89% of the stock is owned by insiders.

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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