CQS New City High Yield (LON:NCYF) Issues Earnings Results

CQS New City High Yield (LON:NCYF) announced its quarterly earnings data on Thursday. The company reported GBX 2.29 earnings per share (EPS) for the quarter, Digital Look Earnings reports. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Stock Performance

LON:NCYF remained flat at GBX 51.40 on Thursday. 1,219,205 shares of the company’s stock were exchanged, compared to its average volume of 1,646,671. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80. The firm has a market capitalization of £344.02 million, a P/E ratio of 17.08 and a beta of 0.46. CQS New City High Yield has a 1-year low of GBX 48.56 and a 1-year high of GBX 53.40. The stock’s 50 day moving average is GBX 51.36 and its two-hundred day moving average is GBX 51.29.

CQS New City High Yield Company Profile

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.