City of London (LON:CTY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 491.50 ($6.60) and last traded at GBX 490.99 ($6.59), with a volume of 286575 shares changing hands. The stock had previously closed at GBX 488.50 ($6.56).
City of London Trading Down 0.6%
The stock has a market capitalization of £2.41 billion, a P/E ratio of 8.22 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. The company has a 50-day moving average price of GBX 471.75 and a 200 day moving average price of GBX 449.37.
City of London Cuts Dividend
The company also recently announced a dividend, which was paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th were issued a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend was Sunday, May 25th. This represents a yield of 1.21%. City of London's dividend payout ratio is presently 35.35%.
Insider Transactions at City of London
In other City of London news, insider Sally Lake bought 9,200 shares of City of London stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of GBX 431 ($5.78) per share, with a total value of £39,652 ($53,209.88). Insiders own 1.49% of the company's stock.
About City of London
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