CQS New City High Yield (LON:NCYF) Stock Price Passes Below 200 Day Moving Average – What’s Next?

CQS New City High Yield (LON:NCYF)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 50.85 and traded as low as GBX 50.10. CQS New City High Yield shares last traded at GBX 50.40, with a volume of 1,795,815 shares changing hands.

CQS New City High Yield Stock Up 0.2%

The stock has a market cap of £339.65 million, a P/E ratio of 14.48 and a beta of 0.08. The firm has a 50 day simple moving average of GBX 50.21 and a two-hundred day simple moving average of GBX 50.85. The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09.

CQS New City High Yield (LON:NCYF) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX 2.29 earnings per share (EPS) for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

Insider Buying and Selling at CQS New City High Yield

In other CQS New City High Yield news, insider Caroline Hitch acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of GBX 50 per share, with a total value of £25,000. Corporate insiders own 1.00% of the company’s stock.

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.