City of London (LON:CTY) Hits New 1-Year High – Here’s Why

City of London (LON:CTYGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 592 and last traded at GBX 591, with a volume of 1025444 shares traded. The stock had previously closed at GBX 586.

City of London Trading Up 0.3%

The business’s 50 day simple moving average is GBX 570.14 and its 200 day simple moving average is GBX 559.94. The stock has a market cap of £3.07 billion, a price-to-earnings ratio of 5.24 and a beta of 0.50. The company has a quick ratio of 0.50, a current ratio of 0.07 and a debt-to-equity ratio of 4.43.

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