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

CQS New City High Yield (LON:NCYF)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 51.82 ($0.64) and traded as low as GBX 51.60 ($0.64). CQS New City High Yield shares last traded at GBX 53 ($0.65), with a volume of 1,476,267 shares changing hands.

CQS New City High Yield Stock Performance

The company has a debt-to-equity ratio of 13.83, a quick ratio of 2.43 and a current ratio of 0.21. The company has a market cap of £286.01 million, a P/E ratio of 1,757.87 and a beta of 0.46. The stock’s fifty day moving average price is GBX 51.84 and its two-hundred day moving average price is GBX 51.96.

CQS New City High Yield (LON:NCYF) last issued its earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) earnings per share for the quarter. CQS New City High Yield had a return on equity of 7.27% and a net margin of 76.66%.

CQS New City High Yield Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be issued a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, January 23rd. This represents a dividend yield of 1.89%. CQS New City High Yield’s dividend payout ratio (DPR) is currently 13,333.33%.

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.