CQS New City High Yield (LON:NCYF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

CQS New City High Yield (LON:NCYF – Get Free Report)’s stock price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 50.54 and traded as low as GBX 50.02. CQS New City High Yield shares last traded at GBX 50.20, with a volume of 3,122,491 shares trading hands.

CQS New City High Yield Stock Performance

The company has a debt-to-equity ratio of 11.93, a current ratio of 5.61 and a quick ratio of 2.43. The firm has a 50 day moving average of GBX 50.53 and a two-hundred day moving average of GBX 50.81. The stock has a market cap of £368.14 million, a PE ratio of 11.53 and a beta of 0.08.

CQS New City High Yield (LON:NCYF – Get Free Report) last released its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 4.64 earnings per share (EPS) for the quarter. CQS New City High Yield had a net margin of 79.02% and a return on equity of 8.83%.

Insiders Place Their Bets

In related news, insider Caroline Hitch purchased 40,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of GBX 52 per share, with a total value of £20,800. Also, insider Ian Cadby bought 26,000 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was purchased at an average cost of GBX 52 per share, with a total value of £13,520. Corporate insiders own 0.95% of the company’s stock.

CQS New City High Yield Company Profile

(Get Free Report)

CQS New City High Yield Fund Limited aims to provide investors with a high dividend yield and the potential for capital growth by investing in high-yielding, fixed interest securities. These include, but are not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income-yielding securities.

Since the Fund’s launch in 2007, the Board has increased the level of dividends paid every year.

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