Conygar Investment (LON:CIC) Shares Pass Below 200 Day Moving Average – What’s Next?

The Conygar Investment Company PLC (LON:CIC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 59.24 ($0.75) and traded as low as GBX 38.42 ($0.49). Conygar Investment shares last traded at GBX 38.42 ($0.49), with a volume of 6,447 shares changing hands.

Conygar Investment Stock Performance

The company has a 50-day moving average price of GBX 42.45 and a two-hundred day moving average price of GBX 59.24. The stock has a market capitalization of £23.55 million, a P/E ratio of -0.76 and a beta of 0.51. The company has a quick ratio of 11.14, a current ratio of 0.38 and a debt-to-equity ratio of 90.96.

Conygar Investment (LON:CIC) last announced its quarterly earnings results on Tuesday, December 17th. The company reported GBX (56.46) (($0.71)) earnings per share for the quarter. Conygar Investment had a negative net margin of 632.25% and a negative return on equity of 40.74%.

Insider Transactions at Conygar Investment

In other Conygar Investment news, insider Nigel J. Hamway acquired 120,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was bought at an average price of GBX 42 ($0.53) per share, with a total value of £50,400 ($63,676.56). Also, insider Robert T. E. Ware acquired 65,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 47 ($0.59) per share, with a total value of £30,550 ($38,597.60). 22.98% of the stock is owned by insiders.

About Conygar Investment

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.