City of London (LON:CTY) Stock Price Passes Above 50-Day Moving Average of $436.15

City of London (LON:CTY)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 436.15 ($5.76) and traded as high as GBX 442.50 ($5.85). City of London shares last traded at GBX 436 ($5.76), with a volume of 1,144,501 shares trading hands.

City of London Stock Performance

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 firm has a 50-day moving average price of GBX 436.15 and a two-hundred day moving average price of GBX 420.89. The firm has a market cap of £2.16 billion, a PE ratio of 1,744.00 and a beta of 0.66.

City of London Announces Dividend

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