CQS New City High Yield (LON:NCYF) Shares Pass Below 50 Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 51.61 ($0.63) and traded as low as GBX 51.20 ($0.63). CQS New City High Yield shares last traded at GBX 52.80 ($0.64), with a volume of 1,381,193 shares trading hands.

CQS New City High Yield Trading Up 2.7 %

The firm has a 50-day moving average price of GBX 51.65 and a 200-day moving average price of GBX 51.95. The company has a current ratio of 0.21, a quick ratio of 2.43 and a debt-to-equity ratio of 13.83. The stock has a market capitalization of £286.36 million, a PE ratio of 1,760.00 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 24th were given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, October 24th. CQS New City High Yield’s dividend payout ratio is currently 13,333.33%.

CQS New City High Yield Company Profile

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.