City of London (LON:CTY) Reaches New 1-Year High - Here's Why

Key Points

• City of London shares reached a new 52-week high of GBX 508 ($6.84), trading volume was 763,012 shares.
• The company's market cap stands at £2.50 billion with a P/E ratio of 8.52 and a debt-to-equity ratio of 7.40.
• Despite hitting a new high, the stock has seen a slight decline of 0.4% following its peak performance.

City of London (LON:CTY - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 508 ($6.83) and last traded at GBX 508 ($6.83), with a volume of 763012 shares trading hands. The stock had previously closed at GBX 499.50 ($6.72).

City of London Trading Down 1.2%

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 firm has a market capitalization of £2.49 billion, a P/E ratio of 8.48 and a beta of 0.66. The firm has a 50 day simple moving average of GBX 494.56 and a two-hundred day simple moving average of GBX 470.42.

About City of London