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

Shares of CQS New City High Yield (LON:NCYF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 51.79 ($0.65) and traded as low as GBX 51.20 ($0.64). CQS New City High Yield shares last traded at GBX 51.60 ($0.65), with a volume of 700,430 shares.

CQS New City High Yield Trading Up 0.8 %

The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33. The firm has a market cap of £303.26 million, a PE ratio of 6.48 and a beta of 0.46. The stock’s 50 day simple moving average is GBX 51.80 and its 200 day simple moving average is GBX 51.79.

CQS New City High Yield (LON:NCYF) last released its quarterly earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) EPS for the quarter. CQS New City High Yield had a net margin of 88.30% and a return on equity of 16.49%.

CQS New City High Yield Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be paid a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, January 23rd. This represents a yield of 1.89%. CQS New City High Yield’s dividend payout ratio is presently 50.20%.

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.