City of London (LON:CTY) Stock Passes Above 50-Day Moving Average of $399.45

City of London (LON:CTY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 399.45 ($4.93) and traded as high as GBX 413 ($5.10). City of London shares last traded at GBX 409.50 ($5.06), with a volume of 606,187 shares.

City of London Trading Up 0.6 %

The stock has a market cap of £2.06 billion, a PE ratio of 1,638.00 and a beta of 0.67. The company has a current ratio of 3.34, a quick ratio of 0.50 and a debt-to-equity ratio of 5.73. The firm has a fifty day simple moving average of GBX 399.75 and a two-hundred day simple moving average of GBX 396.96.

City of London Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 25th will be paid a GBX 5.25 ($0.06) dividend. This is an increase from City of London’s previous dividend of $5.05. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 25th. City of London’s dividend payout ratio (DPR) is currently 8,000.00%.

Insider Buying and Selling at City of London

In related news, insider Ominder Dhillon purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of GBX 393 ($4.85) per share, with a total value of £5,895 ($7,281.37). 1.47% of the stock is currently owned by company insiders.

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.