CQS New City High Yield (LON:NCYF) Share Price Passes Below 50 Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 51.52 ($0.67) and traded as low as GBX 50.96 ($0.66). CQS New City High Yield shares last traded at GBX 51.71 ($0.67), with a volume of 8,164,089 shares.

CQS New City High Yield Trading Up 0.4 %

The firm has a market cap of £303.26 million, a price-to-earnings ratio of 6.48 and a beta of 0.46. The firm’s fifty day moving average is GBX 51.48 and its 200-day moving average is GBX 51.74. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43.

CQS New City High Yield Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were given a dividend of GBX 2.28 ($0.03) per share. This represents a dividend yield of 3.69%. This is a positive change from CQS New City High Yield’s previous dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 20th. CQS New City High Yield’s dividend payout ratio is presently 50.20%.

Insider Buying and Selling

In related news, insider Wendy Dorman purchased 38,600 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of GBX 51 ($0.66) per share, with a total value of £19,686 ($25,562.91). 0.11% of the stock is currently owned by company 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.