City of London Investment Group (LON:CLIG) Releases Earnings Results

City of London Investment Group (LON:CLIG) posted its quarterly earnings results on Tuesday. The closed-end fund reported GBX 19 ($0.24) EPS for the quarter, Digital Look Earnings reports. City of London Investment Group had a net margin of 27.80% and a return on equity of 12.88%.

City of London Investment Group Stock Performance

Shares of LON:CLIG remained flat at GBX 360 ($4.57) on Thursday. The stock had a trading volume of 40,407 shares, compared to its average volume of 40,492. The business has a 50 day simple moving average of GBX 369.15 and a 200-day simple moving average of GBX 374.15. The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68. City of London Investment Group has a 52-week low of GBX 302 ($3.83) and a 52-week high of GBX 400 ($5.07). The stock has a market capitalization of £174.01 million, a PE ratio of 11.58 and a beta of 0.47.

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.