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

City of London (LON:CTY - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 395 ($4.94) and last traded at GBX 431 ($5.39), with a volume of 143437 shares. The stock had previously closed at GBX 427.50 ($5.35).

City of London Price Performance

The company's 50-day simple moving average is GBX 428.23 and its 200 day simple moving average is GBX 430.86. The company has a market cap of £2.13 billion, a PE ratio of 1,724.00 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 business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, January 23rd will be paid a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date is Thursday, January 23rd. This represents a yield of 1.2%. City of London's payout ratio is 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.