City of London Investment Group (LON:CLIG) Shares Down 11.9% – Here’s What Happened

City of London Investment Group Plc (LON:CLIG)’s share price traded down 11.9% during mid-day 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 daily volume of 85,210 shares. The stock had previously closed at GBX 520.

City of London Investment Group Price Performance

The company has a fifty day simple moving average of GBX 497.87 and a 200-day simple moving average of GBX 460.93. The company has a market cap of £225.52 million, a P/E ratio of 9.35 and a beta of 0.33. The company has a debt-to-equity ratio of 3.83, a current ratio of 83.10 and a quick ratio of 2.68.

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.