City of London Investment Group (LON:CLIG) Stock Crosses Below 200-Day Moving Average - What's Next?

City of London Investment Group Plc (LON:CLIG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 356.45 ($4.79) and traded as low as GBX 350 ($4.70). City of London Investment Group shares last traded at GBX 350 ($4.70), with a volume of 116,828 shares changing hands.

City of London Investment Group Stock Up 1.1%

The firm has a 50 day simple moving average of GBX 357.31 and a two-hundred day simple moving average of GBX 356.45. The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68. The stock has a market cap of £173.05 million, a price-to-earnings ratio of 11.52 and a beta of 0.47.

Insider Activity

In other City of London Investment Group news, insider Rian Dartnell purchased 3,000 shares of the stock in a transaction on Monday, June 30th. The stock was bought at an average cost of GBX 346 ($4.65) per share, for a total transaction of £10,380 ($13,938.50). Also, insider Thomas W. Griffith sold 400,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of GBX 341 ($4.58), for a total value of £1,364,000 ($1,831,610.04). 53.72% of the stock is owned by corporate 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.