City of London (LON:CTY) Hits New 12-Month High – Here’s Why

City of London (LON:CTYGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 529 and last traded at GBX 529, with a volume of 1353786 shares traded. The stock had previously closed at GBX 522.

City of London Price Performance

The firm has a market capitalization of £2.65 billion, a P/E ratio of 7.63 and a beta of 0.66. The business’s 50-day simple moving average is GBX 513.97 and its 200 day simple moving average is GBX 502.03. 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 (LON:CTYGet Free Report) last announced its quarterly earnings data on Wednesday, September 17th. The company reported GBX 21.57 earnings per share for the quarter. City of London had a net margin of 95.77% and a return on equity of 14.45%. Sell-side analysts forecast that City of London will post 5533.7129324 earnings per share for the current year.

About City of London

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