City of London Investment Group (LON:CLIG) Stock Price Down 11.9% – What’s Next?

City of London Investment Group Plc (LON:CLIG)’s stock price traded down 11.9% during trading on Monday. The stock traded as low as GBX 455 and last traded at GBX 458. Approximately 350,982 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 85,210 shares. The stock had previously closed at GBX 520.

City of London Investment Group Price Performance

The firm’s 50-day moving average price is GBX 496.43 and its two-hundred day moving average price is GBX 461.72. The stock has a market cap of £220.21 million, a PE ratio of 9.13 and a beta of 0.33. The company has a current ratio of 83.10, a quick ratio of 2.68 and a debt-to-equity ratio of 3.83.

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.