City of London Investment Group (LON:CLIG) Shares Cross Above 200-Day Moving Average – Here’s What Happened

City of London Investment Group Plc (LON:CLIG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 363.20 ($4.72) and traded as high as GBX 382 ($4.96). City of London Investment Group shares last traded at GBX 368 ($4.78), with a volume of 35,507 shares trading hands.

City of London Investment Group Stock Down 3.2 %

The company has a debt-to-equity ratio of 3.73, a current ratio of 3.86 and a quick ratio of 2.68. The company has a market cap of £179.77 million, a PE ratio of 1,415.38 and a beta of 0.47. The business’s 50 day moving average is GBX 371.18 and its 200-day moving average is GBX 363.20.

City of London Investment Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 22 ($0.29) per share. This is a boost from City of London Investment Group’s previous dividend of $11.00. This represents a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, October 3rd. City of London Investment Group’s payout ratio is 12,692.31%.

About City of London Investment Group

City of London Investment Group PLC is a publically owned investment manager. The firm provides client focused equity portfolios. It invests in public equity markets across the globe. The firm invests in small cap companies in emerging markets to create its portfolios. It uses combination of macroeconomic, qualitative, and top down company analysis to make its investments.