Cooper Abbott Purchases 28,500 Shares of City of London Investment Group (LON:CLIG) Stock

City of London Investment Group Plc (LON:CLIG) insider Cooper Abbott acquired 28,500 shares of City of London Investment Group stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of GBX 410 per share, with a total value of £116,850.

City of London Investment Group Price Performance

Shares of City of London Investment Group stock remained flat at GBX 403 during trading on Friday. 58,274 shares of the stock traded hands, compared to its average volume of 78,144. City of London Investment Group Plc has a 1-year low of GBX 310 and a 1-year high of GBX 427. The stock’s 50-day simple moving average is GBX 390.84 and its 200 day simple moving average is GBX 382.85. The company has a quick ratio of 2.68, a current ratio of 74.85 and a debt-to-equity ratio of 3.30. The stock has a market cap of £198.97 million, a P/E ratio of 9.57 and a beta of 0.29.

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.

The Company, through its subsidiary Karpus Investment Management (KIM), provides closed-end fund strategies across all asset classes to wealth management clients in the United States.