City of London (LON:CTY) Reaches New 12-Month High – What’s Next?

Shares of City of London (LON:CTY) reached a new 52-week high during trading on Friday . The company traded as high as GBX 479 ($6.36) and last traded at GBX 474.15 ($6.30), with a volume of 123086 shares traded. The stock had previously closed at GBX 472 ($6.27).

City of London Price Performance

The company has a market capitalization of £2.35 billion, a P/E ratio of 8.00 and a beta of 0.66. The business’s 50-day simple moving average is GBX 454.58 and its 200 day simple moving average is GBX 440.16. The company has a current ratio of 7.10, a quick ratio of 0.50 and a debt-to-equity ratio of 7.40.

City of London Cuts Dividend

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

Insider Transactions at City of London

In other news, insider Sally Lake bought 9,200 shares of the company’s stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of GBX 431 ($5.73) per share, with a total value of £39,652 ($52,672.69). Corporate insiders own 1.49% of the company’s stock.

City of London Company Profile