City of London Investment Group (LON:CLIG) Stock Passes Above 200-Day Moving Average – Time to Sell?

City of London Investment Group Plc (LON:CLIG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 384.53 and traded as high as GBX 447. City of London Investment Group shares last traded at GBX 447, with a volume of 349,991 shares changing hands.

City of London Investment Group Price Performance

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 company has a market capitalization of £220.70 million, a P/E ratio of 10.62 and a beta of 0.29. The firm has a fifty day moving average of GBX 397.69 and a 200 day moving average of GBX 384.56.

Insider Activity at City of London Investment Group

In related news, insider Cooper Abbott bought 28,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of GBX 410 per share, for a total transaction of £116,850. Also, insider Ben Stocks purchased 3,029 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of GBX 394 per share, for a total transaction of £11,934.26. Insiders have bought 43,037 shares of company stock valued at $17,272,498 over the last three months. 43.86% of the stock is owned by corporate insiders.

City of London Investment Group Company Profile

City of London Investment Group PLC (CLIG) is a specialist asset management group listed on the London Stock Exchange, consisting of two wholly owned subsidiaries, City of London Investment Management Company Limited and Karpus Investment Management.

City of London Investment Management Company Limited (CLIM) has deep expertise in Global and International investing including Emerging Markets as well as Listed Private Equity and its multi-asset class, “go anywhere” strategy, Opportunistic Value.