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

City of London Investment Group Plc (LON:CLIG - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 357.56 ($4.86) and traded as low as GBX 347 ($4.71). City of London Investment Group shares last traded at GBX 350 ($4.75), with a volume of 89,661 shares changing hands.

City of London Investment Group Trading Up 1.5%

The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of £171.73 million, a price-to-earnings ratio of 11.43 and a beta of 0.47. The firm has a 50-day moving average of GBX 358.96 and a 200 day moving average of GBX 357.25.

Insider Activity at City of London Investment Group

In other news, insider Thomas W. Griffith sold 400,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of GBX 341 ($4.63), for a total value of £1,364,000 ($1,853,009.10). Also, insider Rian Dartnell acquired 3,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was purchased at an average cost of GBX 346 ($4.70) per share, for a total transaction of £10,380 ($14,101.34). 53.72% of the stock is 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.