CQS New City High Yield (LON:NCYF) Sets New 1-Year Low – Should You Sell?

Shares of CQS New City High Yield (LON:NCYF) hit a new 52-week low on Tuesday . The company traded as low as GBX 47.50 and last traded at GBX 49.29, with a volume of 5798355 shares changing hands. The stock had previously closed at GBX 49.70.

CQS New City High Yield Stock Down 0.8%

The company has a quick ratio of 2.43, a current ratio of 8.09 and a debt-to-equity ratio of 12.54. The business has a 50-day simple moving average of GBX 51.19 and a 200-day simple moving average of GBX 51.27. The stock has a market cap of £331.92 million, a P/E ratio of 16.38 and a beta of 0.04.

CQS New City High Yield (LON:NCYF) last released its quarterly earnings results on Thursday, February 26th. The company reported GBX 2.29 EPS for the quarter. CQS New City High Yield had a net margin of 74.98% and a return on equity of 5.65%.

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. 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.