Shares of City of London (LON:CTY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 463 ($6.16) and last traded at GBX 462.50 ($6.15), with a volume of 1170832 shares. The stock had previously closed at GBX 460.50 ($6.12).
City of London Price Performance
The stock has a 50 day moving average price of GBX 446.11 and a two-hundred day moving average price of GBX 436.35. The company has a market capitalization of £2.29 billion, a PE ratio of 7.79 and a beta of 0.66. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.50 and a current ratio of 7.10.
City of London Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Sunday, June 1st. Investors of record on Sunday, May 25th will be issued a GBX 5.40 ($0.07) dividend. This represents a yield of 1.21%. The ex-dividend date is Sunday, May 25th. City of London's dividend payout ratio is presently 35.35%.
Insider Transactions at City of London
In other news, insider Sally Lake bought 9,200 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of GBX 431 ($5.73) per share, for a total transaction of £39,652 ($52,735.74). 1.49% of the stock is currently owned by corporate insiders.
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