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City of London (LON:CTY) Shares Pass Below 50 Day Moving Average - Should You Sell?

City of London logo with Financial Services background

Key Points

  • City of London (LON:CTY) shares fell below their 50-day moving average, trading at GBX 498.50 ($6.72) on Friday.
  • The company reported GBX 21.57 earnings per share for the recent quarter, along with a remarkable net margin of 95.77% and a return on equity of 14.45%.
  • City of London has a high debt-to-equity ratio of 7.40, indicating substantial leverage in its capital structure.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of City of London (LON:CTY - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 498.23 ($6.71) and traded as low as GBX 497 ($6.70). City of London shares last traded at GBX 498.50 ($6.72), with a volume of 934,970 shares traded.

City of London Price Performance

The company has a debt-to-equity ratio of 7.40, a current ratio of 7.10 and a quick ratio of 0.50. The firm's 50-day moving average is GBX 498.23 and its 200 day moving average is GBX 477.90. The stock has a market cap of £2.47 billion, a price-to-earnings ratio of 1,127.83 and a beta of 0.66.

City of London (LON:CTY - Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported GBX 21.57 earnings per share (EPS) for the quarter. City of London had a net margin of 95.77% and a return on equity of 14.45%. Sell-side analysts anticipate that City of London will post 5533.7129324 earnings per share for the current fiscal year.

About City of London

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Further Reading

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