The City of London Investment Trust Plc (LON:CTY – Get Rating)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 410.74 ($5.01) and traded as high as GBX 423 ($5.16). The City of London Investment Trust shares last traded at GBX 422 ($5.15), with a volume of 818,025 shares traded.
The City of London Investment Trust Stock Performance
The company has a market cap of £2.01 billion and a PE ratio of 1,918.18. The business’s 50-day moving average is GBX 410.74 and its 200 day moving average is GBX 402.13. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.50 and a current ratio of 0.50.
The City of London Investment Trust Dividend Announcement
The firm also recently announced a dividend, which will be paid on Tuesday, February 28th. Investors of record on Thursday, January 26th will be given a GBX 5 ($0.06) dividend. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 26th. The City of London Investment Trust’s payout ratio is presently 88.18%.
The City of London Investment Trust 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.
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