City of London Investment Group (LON:CLIG) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

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.

City of London Investment Group Plc (LON:CLIG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 358.66 ($4.89) and traded as high as GBX 392 ($5.34). City of London Investment Group shares last traded at GBX 392 ($5.34), with a volume of 26,178 shares changing hands.

City of London Investment Group Trading Up 3.5%

The stock has a market capitalization of £200.28 million, a price-to-earnings ratio of 1,120.22 and a beta of 0.47. The business has a 50-day moving average of GBX 373.30 and a 200-day moving average of GBX 359.40. The company has a debt-to-equity ratio of 4.72, a quick ratio of 2.68 and a current ratio of 3.86.

Insider Buying and Selling

In other City of London Investment Group news, insider Rian Dartnell purchased 3,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of GBX 346 per share, for a total transaction of £10,380. 43.89% of the stock is currently owned by company 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.