City of London (LON:CTY) Hits New 1-Year High – Should You Buy?

City of London (LON:CTY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 395 ($5.01) and last traded at GBX 423 ($5.37), with a volume of 824375 shares. The stock had previously closed at GBX 420.50 ($5.34).

City of London Stock Performance

The firm has a market capitalization of £2.09 billion, a P/E ratio of 1,682.00 and a beta of 0.66. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The stock has a fifty day simple moving average of GBX 431.51 and a two-hundred day simple moving average of GBX 429.

City of London Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be issued a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 1.2%. City of London’s dividend payout ratio (DPR) 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.