City of London (LON:CTY) Reaches New 52-Week Low – Time to Sell?

City of London (LON:CTYGet Free Report) shares reached a new 52-week low on Monday . The company traded as low as GBX 382.27 ($4.93) and last traded at GBX 397.46 ($5.12), with a volume of 1775578 shares traded. The stock had previously closed at GBX 425.50 ($5.48).

City of London Trading Down 6.6 %

The stock has a market capitalization of £1.97 billion, a PE ratio of 6.69 and a beta of 0.66. The stock’s 50 day moving average price is GBX 443.61 and its 200-day moving average price is GBX 435.51. The company has a quick ratio of 0.50, a current ratio of 7.10 and a debt-to-equity ratio of 7.40.

City of London Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 24th will be paid a GBX 5.40 ($0.07) dividend. The ex-dividend date is Thursday, April 24th. This represents a yield of 1.21%. City of London’s payout ratio is presently 35.35%.

City of London Company Profile

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