CQS New City High Yield (LON:NCYF) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 50.85 and traded as low as GBX 50.10. CQS New City High Yield shares last traded at GBX 50.40, with a volume of 1,795,815 shares traded.

CQS New City High Yield Price Performance

The company has a current ratio of 8.09, a quick ratio of 2.43 and a debt-to-equity ratio of 12.54. The stock has a market cap of £339.65 million, a P/E ratio of 14.48 and a beta of 0.08. The business has a 50-day simple moving average of GBX 50.21 and a 200 day simple moving average of GBX 50.85.

CQS New City High Yield (LON:NCYF) last issued its quarterly earnings data on Thursday, February 26th. The company reported GBX 2.29 earnings per share (EPS) for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

Insider Activity

In related news, insider Caroline Hitch acquired 50,000 shares of the stock in a transaction dated Wednesday, April 8th. The stock was bought at an average cost of GBX 50 per share, for a total transaction of £25,000. 1.00% of the stock is owned by company insiders.

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.