CQS New City High Yield (LON:NCYF) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of CQS New City High Yield (LON:NCYF) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 51.87 ($0.65) and traded as low as GBX 51 ($0.63). CQS New City High Yield shares last traded at GBX 51.60 ($0.64), with a volume of 795,484 shares traded.

CQS New City High Yield Trading Down 0.7 %

The stock has a market cap of £277.95 million, a P/E ratio of 1,708.33 and a beta of 0.46. The stock’s 50-day moving average is GBX 51.87 and its two-hundred day moving average is GBX 51.92. The company has a debt-to-equity ratio of 13.83, a current ratio of 0.21 and a quick ratio of 2.43.

CQS New City High Yield (LON:NCYF) last released its quarterly earnings data on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) EPS for the quarter. CQS New City High Yield had a net margin of 76.66% and a return on equity of 7.27%.

CQS New City High Yield Dividend Announcement

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

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.