City of London (LON:CTY) Sets New 12-Month High – Still a Buy?

Shares of City of London (LON:CTY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 400 ($4.94) and last traded at GBX 431.50 ($5.33), with a volume of 442634 shares. The stock had previously closed at GBX 434.50 ($5.37).

City of London Stock Performance

The business has a 50-day moving average of GBX 428.11 and a 200 day moving average of GBX 431.44. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The company has a market cap of £2.12 billion, a PE ratio of 1,714.00 and a beta of 0.66.

City of London Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be given a dividend of GBX 5.25 ($0.06) per share. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, January 23rd. City of London’s payout ratio is currently 8,400.00%.

About City of London