City of London (LON:CTY) Reaches New 1-Year High – Still a Buy?

City of London (LON:CTY) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 395 ($5.02) and last traded at GBX 428 ($5.44), with a volume of 427709 shares changing hands. The stock had previously closed at GBX 427.50 ($5.43).

City of London Price Performance

The company’s fifty day moving average is GBX 429.34 and its 200 day moving average is GBX 430.44. 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 stock has a market cap of £2.12 billion, a PE ratio of 1,712.00 and a beta of 0.66.

City of London Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be paid a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 1.2%. City of London’s dividend 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.