Conygar Investment (LON:CIC) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

The Conygar Investment Company PLC (LON:CIC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 69.20 ($0.86) and traded as low as GBX 43.97 ($0.55). Conygar Investment shares last traded at GBX 43.97 ($0.55), with a volume of 1,000 shares changing hands.

Conygar Investment Price Performance

The company has a debt-to-equity ratio of 44.71, a current ratio of 3.16 and a quick ratio of 11.14. The company has a fifty day moving average price of GBX 55.99 and a 200 day moving average price of GBX 68.92. The company has a market capitalization of £26.24 million, a P/E ratio of -84.62 and a beta of 0.51.

Insider Buying and Selling

In related news, insider Robert T. E. Ware acquired 65,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of GBX 47 ($0.58) per share, for a total transaction of £30,550 ($37,950.31). 22.98% of the stock is owned by corporate insiders.

Conygar Investment Company Profile

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.