CQS New City High Yield (LON:NCYF) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

CQS New City High Yield (LON:NCYF)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 51.23 and traded as high as GBX 51.60. CQS New City High Yield shares last traded at GBX 51.40, with a volume of 2,034,973 shares.

CQS New City High Yield Price Performance

The business has a fifty day moving average of GBX 51.23 and a 200 day moving average of GBX 51.38. The firm has a market cap of £334.41 million, a P/E ratio of 17.08 and a beta of 0.46. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80.

CQS New City High Yield (LON:NCYF) last released its quarterly earnings data on Monday, September 22nd. The company reported GBX 4.43 earnings per share (EPS) for the quarter. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

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.