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City of London Investment Group (LON:CLIG) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

City of London Investment Group logo with Financial Services background

Shares of City of London Investment Group Plc (LON:CLIG - Get Free Report) 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 Stock Up 1.2%

The firm's 50-day moving average price is GBX 359.30 and its 200 day moving average price is GBX 357.51. The firm has a market capitalization of £169.18 million, a price-to-earnings ratio of 11.26 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.

Insider Activity at City of London Investment Group

In other City of London Investment Group news, insider Rian Dartnell purchased 3,000 shares of the stock in a transaction dated Monday, June 30th. The shares were acquired at an average cost of GBX 346 ($4.70) per share, for a total transaction of £10,380 ($14,101.34). Also, insider Thomas W. Griffith sold 400,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of GBX 341 ($4.63), for a total transaction of £1,364,000 ($1,853,009.10). 53.72% of the stock is owned by corporate 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.

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