City of London (LON:CTY) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

City of London (LON:CTY)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 428.52 ($5.37) and traded as high as GBX 429 ($5.38). City of London shares last traded at GBX 428.50 ($5.37), with a volume of 208,266 shares traded.

City of London Stock Performance

The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.50 and a current ratio of 3.34. The business’s 50-day moving average is GBX 428.52 and its 200-day moving average is GBX 430.65. The company has a market capitalization of £2.11 billion, a PE ratio of 1,708.69 and a beta of 0.66.

City of London Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be issued 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 payout ratio is 8,400.00%.

About City of London

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.