CQS New City High Yield (LON:NCYF) Share Price Passes Above 50-Day Moving Average – What’s Next?

CQS New City High Yield (LON:NCYF)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 51.64 ($0.65) and traded as high as GBX 52 ($0.65). CQS New City High Yield shares last traded at GBX 51.61 ($0.65), with a volume of 222,173 shares traded.

CQS New City High Yield Price Performance

The company’s 50-day simple moving average is GBX 51.64 and its 200 day simple moving average is GBX 51.95. The company has a quick ratio of 2.43, a current ratio of 0.21 and a debt-to-equity ratio of 13.83. The stock has a market capitalization of £279.91 million, a price-to-earnings ratio of 1,720.33 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 24th were given a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, October 24th. CQS New City High Yield’s dividend payout ratio is 13,333.33%.

About CQS New City High Yield

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.