City of London (LON:CTY) Stock Crosses Below Fifty Day Moving Average of $426.78

City of London (LON:CTY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 426.78 ($5.45) and traded as low as GBX 425.50 ($5.44). City of London shares last traded at GBX 429 ($5.48), with a volume of 316,797 shares traded.

City of London Stock Performance

The stock’s 50 day moving average is GBX 426.91 and its two-hundred day moving average is GBX 412.46. The stock has a market capitalization of £2.14 billion, a price-to-earnings ratio of 1,718.00 and a beta of 0.66. The company has a current ratio of 3.34, a quick ratio of 0.50 and a debt-to-equity ratio of 5.73.

City of London Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 25th will be given a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, July 25th. City of London’s dividend payout ratio (DPR) is presently 8,400.00%.

About City of London

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.