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

Key Points

• City of London Investment Group shares passed below its 200‑day moving average, trading as low as GBX 358 versus the 200‑day MA of GBX 383.47 and last at GBX 379.36 on volume of 143,579 shares.
• Notable insider buying: Ben Stocks purchased 3,029 shares at GBX 394 and Cooper Abbott bought 28,500 shares at GBX 410, with insiders now owning 43.86% of the stock.
• The company has a market cap of £187.3M, a low P/E of 9.01 and a beta of 0.29, but a relatively high debt‑to‑equity ratio of 3.30.

City of London Investment Group Plc (LON:CLIG - ) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 383.47 and traded as low as GBX 358. City of London Investment Group shares last traded at GBX 379.36, with a volume of 143,579 shares.

City of London Investment Group Stock Performance

The company has a market cap of £187.30 million, a PE ratio of 9.01 and a beta of 0.29. The company has a current ratio of 74.85, a quick ratio of 2.68 and a debt-to-equity ratio of 3.30. The business has a fifty day moving average of GBX 393.11 and a 200-day moving average of GBX 383.47.

Insider Buying and Selling

In other City of London Investment Group news, insider Ben Stocks purchased 3,029 shares of the company's stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of GBX 394 per share, with a total value of £11,934.26. Also, insider Cooper Abbott purchased 28,500 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of GBX 410 per share, for a total transaction of £116,850. 43.86% of the stock is currently owned by company insiders.

About City of London Investment Group

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. The Company, through its subsidiary Karpus Investment Management (KIM), provides closed-end fund strategies across all asset classes to wealth management clients in the United States.

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