CQS New City High Yield (LON:NCYF) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

CQS New City High Yield (LON:NCYF)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 51.94 ($0.67) and traded as high as GBX 52 ($0.67). CQS New City High Yield shares last traded at GBX 51 ($0.66), with a volume of 594,203 shares traded.

CQS New City High Yield Stock Down 1.2 %

The company’s 50-day moving average price is GBX 51.94 and its 200 day moving average price is GBX 52.06. 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 stock has a market cap of £276.60 million, a PE ratio of 1,700.00 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, October 24th. This represents a yield of 1.92%. CQS New City High Yield’s dividend payout ratio is currently 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.