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

City of London (LON:CTYGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 454.50 ($5.91) and last traded at GBX 453.86 ($5.90), with a volume of 690388 shares trading hands. The stock had previously closed at GBX 449.50 ($5.84).

City of London Stock Performance

The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.50 and a current ratio of 7.10. The firm’s 50 day simple moving average is GBX 438.50 and its 200-day simple moving average is GBX 434.19. The company has a market cap of £2.25 billion, a price-to-earnings ratio of 7.65 and a beta of 0.66.

City of London Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 1.2%. City of London’s dividend payout ratio (DPR) is presently 35.35%.

City of London Company Profile

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Further Reading

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