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

CQS New City High Yield (LON:NCYF) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 50.33 and traded as high as GBX 50.60. CQS New City High Yield shares last traded at GBX 50.50, with a volume of 543,985 shares trading hands.

CQS New City High Yield Price Performance

The company has a fifty day simple moving average of GBX 50.33 and a two-hundred day simple moving average of GBX 50.88. The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09. The company has a market capitalization of £339.54 million, a price-to-earnings ratio of 14.48 and a beta of 0.08.

CQS New City High Yield (LON:NCYF) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX 2.29 earnings per share for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

Insider Activity at CQS New City High Yield

In related news, insider Caroline Hitch acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was bought at an average price of GBX 50 per share, with a total value of £25,000. 1.00% of the stock is currently owned by corporate insiders.

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.