City of London (LON:CTY) Sets New 52-Week Low - Here's What Happened

Shares of City of London (LON:CTY - Get Free Report) hit a new 52-week low on Monday . The company traded as low as GBX 382.27 ($5.00) and last traded at GBX 397.46 ($5.20), with a volume of 1775578 shares. The stock had previously closed at GBX 425.50 ($5.57).

City of London Trading Up 0.7 %

The stock has a market cap of £2.16 billion, a price-to-earnings ratio of 7.34 and a beta of 0.66. The company has a debt-to-equity ratio of 7.40, a current ratio of 7.10 and a quick ratio of 0.50. The company's fifty day moving average price is GBX 442.42 and its 200-day moving average price is GBX 434.86.

City of London Cuts Dividend

The business also recently declared a dividend, which will be paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th will be paid a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Sunday, May 25th. This represents a yield of 1.21%. City of London's payout ratio is 35.35%.

Insiders Place Their Bets

In other news, insider Sally Lake purchased 9,200 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were acquired at an average price of GBX 431 ($5.64) per share, for a total transaction of £39,652 ($51,900.52). Corporate insiders own 1.49% of the company's stock.

City of London Company Profile