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

City of London (LON:CTY)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 428.52 ($5.37) and traded as high as GBX 429 ($5.38). City of London shares last traded at GBX 428.50 ($5.37), with a volume of 208,266 shares changing hands.

City of London Trading Down 0.3 %

The stock has a market cap of £2.11 billion, a PE ratio of 1,708.69 and a beta of 0.66. The firm has a 50-day moving average price of GBX 428.52 and a 200-day moving average price of GBX 430.65. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.50 and a current ratio of 3.34.

City of London Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be issued a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 1.2%. City of London’s dividend payout ratio (DPR) is presently 8,400.00%.

City of London Company Profile

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.