Conygar Investment (LON:CIC) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

The Conygar Investment Company PLC (LON:CIC) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 31.87 and traded as low as GBX 28.30. Conygar Investment shares last traded at GBX 28.30, with a volume of 25,000 shares traded.

Conygar Investment Stock Down 1.7%

The company has a market capitalization of £17.30 million, a PE ratio of -0.88 and a beta of 0.39. The company has a debt-to-equity ratio of 114.71, a quick ratio of 11.14 and a current ratio of 0.20. The stock’s 50 day moving average is GBX 31.99 and its 200 day moving average is GBX 31.85.

Conygar Investment (LON:CIC) last released its quarterly earnings data on Monday, February 16th. The company reported GBX (32.78) earnings per share for the quarter. Conygar Investment had a negative net margin of 89.31% and a negative return on equity of 36.90%.

Insiders Place Their Bets

In related news, insider Robert T. E. Ware acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average cost of GBX 32 per share, for a total transaction of £32,000. Also, insider Bimaljit S. (Bim) Sandhu acquired 240,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average cost of GBX 32 per share, for a total transaction of £76,800. 25.95% of the stock is owned by company insiders.

About Conygar Investment

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.