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

City of London Investment Group (LON:CLIG) released its quarterly 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 Down 0.4 %

Shares of City of London Investment Group stock opened at GBX 358.71 ($4.53) on Tuesday. The firm has a market cap of £173.39 million, a price-to-earnings ratio of 11.54 and a beta of 0.47. The company has a debt-to-equity ratio of 4.72, a current ratio of 3.86 and a quick ratio of 2.68. City of London Investment Group has a 1 year low of GBX 302 ($3.81) and a 1 year high of GBX 400 ($5.05). The company has a 50-day moving average of GBX 370.67 and a 200 day moving average of GBX 374.34.

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.