CQS New City High Yield (LON:NCYF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 50.76 and traded as low as GBX 50.50. CQS New City High Yield shares last traded at GBX 50.60, with a volume of 1,719,181 shares.

CQS New City High Yield Stock Up 0.2%

The firm has a market cap of £364.15 million, a PE ratio of 14.57 and a beta of 0.08. The company has a current ratio of 5.61, a quick ratio of 2.43 and a debt-to-equity ratio of 11.93. The firm has a 50 day moving average price of GBX 50.73 and a 200-day moving average price of GBX 50.76.

CQS New City High Yield (LON:NCYF) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 4.64 earnings per share for the quarter. CQS New City High Yield had a net margin of 79.02% and a return on equity of 8.83%.

Insiders Place Their Bets

In other news, insider Caroline Hitch acquired 40,000 shares of CQS New City High Yield stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £20,800. Also, insider Ian Cadby bought 26,000 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were purchased at an average price of GBX 52 per share, with a total value of £13,520. 1.00% 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. 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.