City of London (LON:CTY) Stock Passes Above 50-Day Moving Average of $424.34

City of London (LON:CTYGet Free Report)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 424.34 ($5.49) and traded as high as GBX 431.50 ($5.58). City of London shares last traded at GBX 430 ($5.56), with a volume of 481,376 shares.

City of London Stock Performance

The company has a market capitalization of £2.22 billion, a P/E ratio of 1,778.00 and a beta of 0.66. The stock’s fifty day moving average price is GBX 424.77 and its 200-day moving average price is GBX 410.22. 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 firm also recently disclosed a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 25th will be given a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 1.2%. City of London’s payout ratio is 8,400.00%.

About City of London

(Get Free Report)

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.

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