City of London (LON:CTY) Stock Crosses Above 50-Day Moving Average – Here’s Why

Shares of City of London (LON:CTY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 443.27 ($5.88) and traded as high as GBX 457.50 ($6.07). City of London shares last traded at GBX 457.50 ($6.07), with a volume of 925,640 shares.

City of London Trading Up 0.7 %

The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40. The company has a market cap of £2.28 billion, a price-to-earnings ratio of 7.75 and a beta of 0.66. The business has a fifty day simple moving average of GBX 443.66 and a 200 day simple moving average of GBX 435.31.

City of London Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Sunday, June 1st. Investors of record on Sunday, May 25th will be given a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Sunday, May 25th. City of London’s dividend payout ratio is presently 35.35%.

Insider Activity

In related news, insider Sally Lake purchased 9,200 shares of the firm’s stock in a transaction on Tuesday, April 8th. The stock was purchased at an average price of GBX 431 ($5.72) per share, for a total transaction of £39,652 ($52,609.79). Company insiders own 1.49% of the company’s stock.

City of London Company Profile