City of London (LON:CTY) Hits New 12-Month High – Here’s Why

City of London (LON:CTYGet Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 533 and last traded at GBX 530.89, with a volume of 32588 shares changing hands. The stock had previously closed at GBX 529.

City of London Price Performance

The company has a 50 day simple moving average of GBX 517.29 and a 200 day simple moving average of GBX 504.55. The company has a market capitalization of £2.67 billion, a price-to-earnings ratio of 7.68 and a beta of 0.66. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40.

About City of London

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