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

City of London Investment Group Plc (LON:CLIG) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 442.23 and traded as high as GBX 469. City of London Investment Group shares last traded at GBX 461, with a volume of 136,172 shares.

City of London Investment Group Price Performance

The business’s 50-day simple moving average is GBX 491.09 and its two-hundred day simple moving average is GBX 442.23. The company has a quick ratio of 2.68, a current ratio of 83.10 and a debt-to-equity ratio of 3.83. The stock has a market cap of £227.00 million, a P/E ratio of 9.41 and a beta of 0.33.

Insider Buying and Selling at City of London Investment Group

In related news, insider Rian Dartnell acquired 5,000 shares of the stock in a transaction dated Wednesday, October 21st. The shares were purchased at an average price of GBX 455 per share, for a total transaction of £22,750. Insiders have purchased 10,000 shares of company stock valued at $4,479,280 in the last quarter. 43.97% of the stock is currently owned by corporate insiders.

About City of London Investment Group

City of London Investment Group PLC (CLIG) is a globally orientated active asset management firm 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 has deep expertise in Global and International investing including Emerging Markets and Listed Private Equity. CLIM manages money primarily for institutional clients.

Karpus Investment Management provides investment strategies across fixed income and balanced asset classes, primarily to wealth management clients in the United States.