CQS New City High Yield (LON:NCYF) Shares Up 0.2% – Time to Buy?

CQS New City High Yield (LON:NCYF) shares rose 0.2% on Monday. The stock traded as high as GBX 49.50 and last traded at GBX 48.38. Approximately 1,133,979 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 2,088,951 shares. The stock had previously closed at GBX 48.30.

CQS New City High Yield Stock Performance

The company has a market capitalization of £357.41 million, a P/E ratio of 10.96 and a beta of 0.08. The company has a debt-to-equity ratio of 11.93, a current ratio of 5.61 and a quick ratio of 2.43. The stock’s 50 day simple moving average is GBX 50.11 and its two-hundred day simple moving average is GBX 50.68.

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

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. As at 31 December 2023, the Fund’s dividend yield is 9.13%. In addition to quarterly dividend payments, the Fund seeks to deliver investors access to a high-income asset class across a well-diversified portfolio with low duration to help mitigate interest rate risk.