CQS New City High Yield (LON:NCYF) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 51.96 ($0.67) and traded as high as GBX 53.40 ($0.69). CQS New City High Yield shares last traded at GBX 52.40 ($0.68), with a volume of 1,343,694 shares.

CQS New City High Yield Stock Performance

The stock has a market capitalization of £279.31 million, a P/E ratio of 1,716.67 and a beta of 0.46. The company’s 50-day moving average is GBX 51.96 and its two-hundred day moving average is GBX 52.11. The company has a current ratio of 0.21, a quick ratio of 2.43 and a debt-to-equity ratio of 13.83.

CQS New City High Yield Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 24th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 1.92%. CQS New City High Yield’s dividend payout ratio is presently 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.