CQS New City High Yield (LON:NCYF) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 51.82 ($0.64) and traded as low as GBX 51.60 ($0.64). CQS New City High Yield shares last traded at GBX 53 ($0.65), with a volume of 1,476,267 shares traded.

CQS New City High Yield Stock Up 0.9 %

The company has a debt-to-equity ratio of 13.83, a quick ratio of 2.43 and a current ratio of 0.21. The company has a market capitalization of £286.09 million, a price-to-earnings ratio of 1,758.33 and a beta of 0.46. The firm’s 50-day simple moving average is GBX 51.82 and its 200-day simple moving average is GBX 51.96.

CQS New City High Yield Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 1.89%. CQS New City High Yield’s dividend payout ratio (DPR) is presently 13,333.33%.

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.