CQS New City High Yield (LON:NCYF) Announces Quarterly Earnings Results

CQS New City High Yield (LON:NCYF) announced its quarterly earnings results on Thursday. The company reported GBX 2.29 earnings per share for the quarter, Digital Look Earnings reports. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Stock Performance

Shares of NCYF remained flat at GBX 51.40 during trading hours on Thursday. 1,219,205 shares of the company traded hands, compared to its average volume of 1,646,671. The business’s fifty day moving average is GBX 51.36 and its 200-day moving average is GBX 51.29. CQS New City High Yield has a 1 year low of GBX 48.56 and a 1 year high of GBX 53.40. The firm has a market cap of £344.02 million, a price-to-earnings ratio of 17.08 and a beta of 0.46. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43.

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.