City of London (LON:CTY) Sets New 1-Year High – Should You Buy?

City of London (LON:CTYGet Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 454.50 ($5.88) and last traded at GBX 453.86 ($5.87), with a volume of 690388 shares traded. The stock had previously closed at GBX 449.50 ($5.81).

City of London Stock Up 1.0 %

The stock’s 50-day moving average price is GBX 437.65 and its two-hundred day moving average price is GBX 433.94. The stock has a market capitalization of £2.24 billion, a PE ratio of 7.64 and a beta of 0.66. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.50 and a current ratio of 7.10.

City of London Announces Dividend

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

About City of London

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