City of London (LON:CTY) Hits New 12-Month High – Time to Buy?

City of London (LON:CTY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 395 ($5.04) and last traded at GBX 434.54 ($5.54), with a volume of 436287 shares. The stock had previously closed at GBX 436.50 ($5.56).

City of London Trading Down 0.5 %

The business’s fifty day simple moving average is GBX 429.75 and its two-hundred day simple moving average is GBX 430.17. The company has a quick ratio of 0.50, a current ratio of 3.34 and a debt-to-equity ratio of 5.73. The company has a market cap of £2.15 billion, a price-to-earnings ratio of 1,746.00 and a beta of 0.66.

City of London Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be issued a GBX 5.25 ($0.07) dividend. 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%.

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.