CQS New City High Yield (LON:NCYF) Posts Quarterly Earnings Results

CQS New City High Yield (LON:NCYF) released its quarterly earnings results on Thursday. The company reported GBX 2.29 earnings per share (EPS) for the quarter, Digital Look Earnings reports. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Stock Performance

Shares of NCYF stock opened at GBX 51.40 on Friday. The company has a market capitalization of £344.02 million, a P/E ratio of 17.08 and a beta of 0.46. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80. The business’s 50 day moving average is GBX 51.37 and its two-hundred day moving average is GBX 51.29. CQS New City High Yield has a twelve month low of GBX 48.56 and a twelve month high of GBX 53.40.

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.