City of London Investment Group (LON:CLIG) Trading Down 3.8% – What’s Next?

City of London Investment Group Plc (LON:CLIG) dropped 3.8% during trading on Wednesday . The stock traded as low as GBX 372 ($4.70) and last traded at GBX 377 ($4.76). Approximately 7,526 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 42,341 shares. The stock had previously closed at GBX 392 ($4.95).

City of London Investment Group Stock Up 2.9 %

The company has a market capitalization of £190.52 million, a P/E ratio of 1,500.00 and a beta of 0.47. The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 3.73. The stock’s fifty day moving average is GBX 380.80 and its 200 day moving average is GBX 374.05.

City of London Investment Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 3rd were issued a dividend of GBX 22 ($0.28) per share. This represents a yield of 6.11%. The ex-dividend date was Thursday, October 3rd. This is an increase from City of London Investment Group’s previous dividend of $11.00. City of London Investment Group’s payout ratio is currently 12,692.31%.

City of London Investment Group Company Profile

City of London Investment Group PLC is a publically owned investment manager. The firm provides client focused equity portfolios. It invests in public equity markets across the globe. The firm invests in small cap companies in emerging markets to create its portfolios. It uses combination of macroeconomic, qualitative, and top down company analysis to make its investments.