City of London (LON:CTY) Reaches New 52-Week High – What’s Next?

Shares of City of London (LON:CTY) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 479 ($6.37) and last traded at GBX 474.15 ($6.31), with a volume of 123086 shares. The stock had previously closed at GBX 472 ($6.28).

City of London Price Performance

The stock has a market capitalization of £2.34 billion, a PE ratio of 7.97 and a beta of 0.66. The firm’s 50 day simple moving average is GBX 453.87 and its 200 day simple moving average is GBX 439.85. The company has a debt-to-equity ratio of 7.40, a current ratio of 7.10 and a quick ratio of 0.50.

City of London Cuts Dividend

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

Insider Buying and Selling

In other news, insider Sally Lake bought 9,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of GBX 431 ($5.74) per share, with a total value of £39,652 ($52,770.83). 1.49% of the stock is owned by insiders.

City of London Company Profile