City of London (LON:CTY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

City of London (LON:CTYGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 437.15 ($5.65) and traded as high as GBX 444.50 ($5.75). City of London shares last traded at GBX 444.50 ($5.75), with a volume of 515,286 shares.

City of London Stock Up 1.1 %

The stock has a market capitalization of £2.22 billion, a PE ratio of 7.57 and a beta of 0.66. The firm’s fifty day moving average is GBX 437.34 and its 200-day moving average is GBX 433.87. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40.

City of London Dividend Announcement

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

About City of London

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