CQS New City High Yield (LON:NCYF) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 51.97 ($0.66) and traded as low as GBX 51.60 ($0.66). CQS New City High Yield shares last traded at GBX 51.60 ($0.66), with a volume of 647,195 shares.

CQS New City High Yield Stock Performance

The firm’s 50 day simple moving average is GBX 51.73 and its 200-day simple moving average is GBX 51.97. The company has a market capitalization of £279.48 million, a price-to-earnings ratio of 1,720.00 and a beta of 0.46. The company has a debt-to-equity ratio of 13.83, a quick ratio of 2.43 and a current ratio of 0.21.

CQS New City High Yield Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 24th were given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.92%. The ex-dividend date was Thursday, October 24th. CQS New City High Yield’s payout ratio is 13,333.33%.

CQS New City High Yield Company Profile

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.