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City of London (LON:CTY) Hits New 52-Week High - Time to Buy?

City of London logo with Financial Services background

City of London (LON:CTY - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 400 ($4.99) and last traded at GBX 431.50 ($5.38), with a volume of 442634 shares traded. The stock had previously closed at GBX 434.50 ($5.42).

City of London Stock Down 0.7 %

The stock's 50-day moving average price is GBX 428.11 and its two-hundred day moving average price is GBX 431.44. The stock has a market capitalization of £2.13 billion, a PE ratio of 1,726.00 and a beta of 0.66. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.50 and a current ratio of 3.34.

City of London Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be given a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, January 23rd. City of London's dividend payout ratio is presently 8,400.00%.

City of London Company Profile

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