City of London Investment Group (LON:CLIG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

City of London Investment Group Plc (LON:CLIG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 377.55 ($4.59) and traded as high as GBX 378 ($4.60). City of London Investment Group shares last traded at GBX 372 ($4.53), with a volume of 21,996 shares trading hands.

City of London Investment Group Stock Performance

The company’s 50 day moving average is GBX 386.38 and its 200 day moving average is GBX 377.57. The firm has a market cap of £185.63 million, a P/E ratio of 1,461.54 and a beta of 0.47. The company has a debt-to-equity ratio of 3.73, a quick ratio of 2.68 and a current ratio of 3.86.

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.