City of London (LON:CTY - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 491.50 ($6.66) and last traded at GBX 490.99 ($6.65), with a volume of 286575 shares changing hands. The stock had previously closed at GBX 488.50 ($6.62).
City of London Stock Performance
The company's 50-day moving average is GBX 467.67 and its two-hundred day moving average is GBX 448.26. The company has a market capitalization of £2.43 billion, a P/E ratio of 8.27 and a beta of 0.66. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40.
City of London Cuts Dividend
The company also recently announced a dividend, which was paid on Sunday, June 1st. Investors of record on Sunday, May 25th were paid a GBX 5.40 ($0.07) dividend. The ex-dividend date 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 the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of GBX 431 ($5.84) per share, for a total transaction of £39,652 ($53,721.72). Company insiders own 1.49% of the company's stock.
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