City of London (LON:CTY) Reaches New 12-Month High – Still a Buy?

City of London (LON:CTY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 544 and last traded at GBX 580, with a volume of 1,433,594 shares traded. The stock had previously closed at GBX 576.

City of London Trading Up 1.3%

The stock has a market cap of £3.06 billion, a price-to-earnings ratio of 5.81 and a beta of 0.87. The business’s fifty day simple moving average is GBX 582.29 and its 200 day simple moving average is GBX 571.53. The company has a debt-to-equity ratio of 5.12, a current ratio of 34.17 and a quick ratio of 0.50.

City of London (LON:CTY – Get Free Report) last released its earnings results on Wednesday, September 16th. The company reported GBX 22.50 earnings per share for the quarter. City of London had a net margin of 96.97% and a return on equity of 18.79%. On average, research analysts predict that City of London will post 5533.71 EPS for the current year.

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