The City of London Investment Trust (LON:CTY) Share Price Passes Above Fifty Day Moving Average of $410.74

The City of London Investment Trust Plc (LON:CTYGet 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

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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.

Further Reading

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