City of London Group (LON:CIN) Share Price Crosses Below Two Hundred Day Moving Average of $142.88

City of London Group Plc (LON:CIN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $142.88 and traded as low as $133.90. City of London Group shares last traded at $133.90, with a volume of 141 shares changing hands.

The stock has a market capitalization of $53.74 million and a price-to-earnings ratio of -11.07. The company has a debt-to-equity ratio of 216.69, a quick ratio of 1.85 and a current ratio of 2.88. The business has a 50-day moving average of GBX 143.20 and a 200-day moving average of GBX 142.87.

About City of London Group (LON:CIN)

City of London Group plc primarily focuses on the provision of finance to the SME sector in the United Kingdom. It offers asset backed finance products, commercial loans, debt finance products, and leasing services to SMEs; loans to professional practice firms; and management services to third-party funds.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

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