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

Shares of City of London (LON:CTY - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 482.70 ($6.54) and last traded at GBX 479.50 ($6.50), with a volume of 325414 shares traded. The stock had previously closed at GBX 479 ($6.49).

City of London Stock Performance

The stock has a 50-day moving average of GBX 460.87 and a 200 day moving average of GBX 445.17. The stock has a market cap of £2.39 billion, a PE ratio of 8.12 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 business also recently disclosed a dividend, which was paid on Sunday, June 1st. Shareholders of record on Sunday, May 25th were paid a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date was Sunday, May 25th. This represents a dividend yield of 1.21%. City of London's payout ratio is currently 35.35%.

Insider Activity

In other news, insider Sally Lake purchased 9,200 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of GBX 431 ($5.84) per share, with a total value of £39,652 ($53,736.28). Insiders own 1.49% of the company's stock.

City of London Company Profile