City of London Investment Group (LON:CLIG) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• The shares of City of London Investment Group Plc (LON:CLIG) have fallen below their 200-day moving average, which is GBX 355.20 ($4.80).
• Insider Rian Dartnell bought 3,000 shares at GBX 346 ($4.67), while insider Thomas W. Griffith sold 400,000 shares at GBX 341 ($4.61), indicating active insider trading.
• The company has a market capitalization of £175.70 million and a price-to-earnings ratio of 11.69.

Shares of City of London Investment Group Plc (LON:CLIG - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 355.20 ($4.75) and traded as low as GBX 355 ($4.74). City of London Investment Group shares last traded at GBX 363 ($4.85), with a volume of 93,068 shares traded.

City of London Investment Group Price Performance

The company's 50 day moving average price is GBX 355.55 and its 200-day moving average price is GBX 354.26. The company has a market cap of £176.91 million, a price-to-earnings ratio of 11.78 and a beta of 0.47. 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 Activity at City of London Investment Group

In related news, insider Thomas W. Griffith sold 400,000 shares of City of London Investment Group stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of GBX 341 ($4.56), for a total transaction of £1,364,000 ($1,822,311.29). Also, insider Rian Dartnell acquired 3,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of GBX 346 ($4.62) per share, with a total value of £10,380 ($13,867.74). 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.