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City of London (LON:CTY) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

City of London logo with Financial Services background
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City of London (LON:CTY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 435.50 ($5.63) and traded as high as GBX 446.50 ($5.77). City of London shares last traded at GBX 444 ($5.74), with a volume of 805,909 shares trading hands.

City of London Stock Performance

The stock's 50 day moving average price is GBX 436.43 and its 200 day moving average price is GBX 433.76. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.50 and a current ratio of 7.10. The company has a market capitalization of £2.20 billion, a P/E ratio of 7.48 and a beta of 0.66.

City of London Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, January 23rd were paid a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Thursday, January 23rd. City of London's dividend payout ratio is presently 35.35%.

City of London Company Profile

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