CQS New City High Yield (LON:NCYF) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of CQS New City High Yield (LON:NCYF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 51.21 and traded as high as GBX 52.20. CQS New City High Yield shares last traded at GBX 52, with a volume of 1,531,530 shares changing hands.

CQS New City High Yield Stock Up 0.4%

The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80. The company has a fifty day simple moving average of GBX 51.21 and a 200-day simple moving average of GBX 51.44. The firm has a market cap of £344.40 million, a P/E ratio of 17.28 and a beta of 0.46.

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.