City of London (LON:CTY) Shares Cross Below 200-Day Moving Average - What's Next?

City of London (LON:CTY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 430.47 ($5.47) and traded as low as GBX 427.50 ($5.43). City of London shares last traded at GBX 427.50 ($5.43), with a volume of 664,485 shares traded.

City of London Price Performance

The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The firm has a market capitalization of £2.12 billion, a price-to-earnings ratio of 1,716.46 and a beta of 0.66. The stock has a 50 day moving average price of GBX 429.56 and a two-hundred day moving average price of GBX 430.47.

City of London Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be given a GBX 5.25 ($0.07) dividend. This represents a yield of 1.2%. The ex-dividend date is Thursday, January 23rd. City of London's dividend payout ratio is currently 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.