City of London (LON:CTY) Hits New 52-Week High – Should You Buy?

City of London (LON:CTYGet Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 538 and last traded at GBX 585, with a volume of 6900511 shares trading hands. The stock had previously closed at GBX 579.

City of London Stock Up 1.0%

The company has a debt-to-equity ratio of 5.12, a current ratio of 34.17 and a quick ratio of 0.50. The business’s 50 day moving average price is GBX 586.17 and its 200 day moving average price is GBX 567.60. The firm has a market cap of £3.02 billion, a PE ratio of 5.13 and a beta of 0.87.

City of London (LON:CTYGet Free Report) last issued its quarterly earnings results on Wednesday, September 16th. The company reported GBX 22.50 earnings per share for the quarter. City of London had a net margin of 96.97% and a return on equity of 18.79%. On average, equities research analysts expect that City of London will post 5533.7129324 earnings per share for the current year.

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