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City of London (LON:CTY) Share Price Passes Above Fifty Day Moving Average - What's Next?

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 Thursday . The stock has a 50 day moving average of GBX 443.69 ($5.67) and traded as high as GBX 450.50 ($5.76). City of London shares last traded at GBX 446.50 ($5.71), with a volume of 799,704 shares traded.

City of London Stock Performance

The business's 50 day simple moving average is GBX 443.10 and its two-hundred day simple moving average is GBX 435.11. The firm has a market capitalization of £2.12 billion, a PE ratio of 7.20 and a beta of 0.66. The company has a current ratio of 7.10, a quick ratio of 0.50 and a debt-to-equity ratio of 7.40.

City of London Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 24th will be given a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, April 24th. City of London's dividend payout ratio (DPR) is presently 35.35%.

City of London Company Profile

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