City of London (LON:CTY) Hits New 1-Year High - Still a Buy?

Shares of City of London (LON:CTY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 481.50 ($6.53) and last traded at GBX 478 ($6.49), with a volume of 1100779 shares traded. The stock had previously closed at GBX 479.50 ($6.51).

City of London Price Performance

The stock has a fifty day moving average of GBX 457.59 and a 200-day moving average of GBX 442.52. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40. The stock has a market capitalization of £2.36 billion, a price-to-earnings ratio of 8.04 and a beta of 0.66.

City of London Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th will be issued a dividend of GBX 5.40 ($0.07) per share. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Sunday, May 25th. City of London's payout ratio is 35.35%.

Insider Transactions at City of London

In other news, insider Sally Lake bought 9,200 shares of the stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average price of GBX 431 ($5.85) per share, with a total value of £39,652 ($53,801.90). Insiders own 1.49% of the company's stock.

City of London Company Profile