City of London Investment Group (LON:CLIG) Posts Earnings Results

City of London Investment Group (LON:CLIG) posted its earnings results on Tuesday. The closed-end fund reported GBX 19 ($0.24) earnings per share for the quarter, Digital Look Earnings reports. City of London Investment Group had a return on equity of 12.88% and a net margin of 27.80%.

City of London Investment Group Stock Performance

Shares of City of London Investment Group stock remained flat at GBX 360 ($4.57) on Thursday. 25,402 shares of the stock were exchanged, compared to its average volume of 40,126. The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 4.72. The business has a fifty day moving average price of GBX 369.15 and a 200-day moving average price of GBX 374.15. The company has a market capitalization of £174.01 million, a PE ratio of 11.58 and a beta of 0.47. City of London Investment Group has a twelve month low of GBX 302 ($3.83) and a twelve month high of GBX 400 ($5.07).

About City of London Investment Group

City of London Investment Group PLC is a United Kingdom-based asset management company, consisting of two wholly owned subsidiaries that invest primarily in closed-end funds for the benefit of their respective clients.

The Company, through its subsidiary City of London Investment Management Company Limited (CLIM), historically specialized in Emerging Markets and has expanded its range to International, Opportunistic Value and Frontier strategies, for primarily institutional clients.