City of London (LON:CTY) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of City of London (LON:CTY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 436.71 ($5.67) and traded as low as GBX 428.50 ($5.56). City of London shares last traded at GBX 430.19 ($5.59), with a volume of 448,695 shares trading hands.

City of London Stock Up 0.2 %

The stock’s fifty day simple moving average is GBX 436.52 and its two-hundred day simple moving average is GBX 427.24. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The company has a market capitalization of £2.13 billion, a price-to-earnings ratio of 1,722.00 and a beta of 0.66.

City of London Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 24th will be given a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date is Thursday, October 24th. This represents a yield of 1.2%. City of London’s dividend payout ratio is currently 8,400.00%.

City of London Company Profile

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.