City of London (LON:CTY) Shares Pass Above 50-Day Moving Average - Time to Sell?

City of London (LON:CTY - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

City of London Stock Performance

The stock has a market cap of £2.12 billion, a PE ratio of 1,714.00 and a beta of 0.66. The stock has a fifty day moving average of GBX 428.52 and a 200-day moving average of GBX 430.65. The company has a quick ratio of 0.50, a current ratio of 3.34 and a debt-to-equity ratio of 5.73.

City of London Announces Dividend

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