City of London (LON:CTY) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• City of London (LON:CTY) shares briefly crossed above their 50‑day moving average (GBX 554.85), trading as high as GBX 555 and last at GBX 550.96 on volume of 757,339, while trading about 0.6% lower.
• The stock is trading above its 200‑day MA (GBX 540.26); the company has a market cap of £2.79 billion, a low P/E of 4.80 and a beta of 0.85.
• Recent results showed quarterly EPS of GBX 8.85, with strong profitability metrics including a return on equity of 22.92% and a net margin of 97.40%.

City of London (LON:CTY - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 554.85 and traded as high as GBX 555. City of London shares last traded at GBX 550.96, with a volume of 757,339 shares changing hands.

City of London Trading Down 0.6%

The business has a 50-day moving average price of GBX 554.85 and a 200-day moving average price of GBX 540.26. The firm has a market cap of £2.79 billion, a P/E ratio of 4.80 and a beta of 0.85.

City of London (LON:CTY - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported GBX 8.85 earnings per share (EPS) for the quarter. City of London had a return on equity of 22.92% and a net margin of 97.40%. On average, equities analysts anticipate that City of London will post 5533.7129324 earnings per share for the current fiscal year.

City of London Company Profile

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