City of London (LON:CTY) Hits New 1-Year High - Here's What Happened

Key Points

• City of London shares reached a new 52-week high at GBX 512 ($6.88) during mid-day trading, with a trading volume of over 500,000 shares.
• The company's market capitalization stands at £2.54 billion, and it reported a net margin of 95.77% and a return on equity of 14.45% in its latest earnings data.
• City of London has a notably high P/E ratio of 1,158.33 and a debt-to-equity ratio of 7.40, indicating potential financial risk despite its strong margins.

Shares of City of London (LON:CTY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 512 ($6.88) and last traded at GBX 512 ($6.88), with a volume of 500133 shares changing hands. The stock had previously closed at GBX 509 ($6.84).

City of London Trading Up 0.6%

The company has a market capitalization of £2.54 billion, a P/E ratio of 1,158.33 and a beta of 0.66. The company has a debt-to-equity ratio of 7.40, a current ratio of 7.10 and a quick ratio of 0.50. The firm has a fifty day moving average price of GBX 499.53 and a 200-day moving average price of GBX 481.04.

City of London (LON:CTY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 17th. The company reported GBX 21.57 earnings per share for the quarter. City of London had a return on equity of 14.45% and a net margin of 95.77%. On average, equities research analysts anticipate that City of London will post 5533.7129324 earnings per share for the current year.

About City of London

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