CQS New City High Yield (LON:NCYF) Stock Crosses Below 50-Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 51.20 and traded as low as GBX 50.16. CQS New City High Yield shares last traded at GBX 50.50, with a volume of 1,544,861 shares.

CQS New City High Yield Price Performance

The stock has a market cap of £364.15 million, a PE ratio of 14.57 and a beta of 0.08. The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09. The business has a 50 day moving average price of GBX 51.15 and a two-hundred day moving average price of GBX 50.81.

Insiders Place Their Bets

In other CQS New City High Yield news, insider Andrew Dann acquired 25,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of GBX 52 per share, with a total value of £13,000. Also, insider Caroline Hitch acquired 40,000 shares of CQS New City High Yield stock in a transaction on Thursday, July 23rd. The stock was acquired at an average price of GBX 52 per share, with a total value of £20,800. Over the last three months, insiders have acquired 121,000 shares of company stock valued at $6,292,000. 1.00% of the stock is owned by insiders.

About CQS New City High Yield

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.