City of London Investment Group (LON:CLIG) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of City of London Investment Group Plc (LON:CLIG) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 486.03 and traded as high as GBX 494. City of London Investment Group shares last traded at GBX 492, with a volume of 60,421 shares.

City of London Investment Group Stock Performance

The stock has a market capitalization of £249.16 million, a P/E ratio of 10.33 and a beta of 0.33. The company’s 50-day moving average is GBX 487.05 and its two-hundred day moving average is GBX 446.05. The company has a current ratio of 83.10, a quick ratio of 2.68 and a debt-to-equity ratio of 3.83.

Insider Activity at City of London Investment Group

In other news, insider Rian Dartnell purchased 4,880 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were bought at an average price of GBX 441 per share, for a total transaction of £21,520.80. Insiders have purchased a total of 10,000 shares of company stock valued at $4,479,280 in the last quarter. 44.00% of the stock is currently owned by company insiders.

City of London Investment Group Company Profile

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.