CQS New City High Yield (LON:NCYF) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF) 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 Stock Down 0.2%

The firm has a 50-day moving average of GBX 50.33 and a 200 day moving average of GBX 50.88. The stock has a market capitalization of £339.65 million, a price-to-earnings ratio of 14.48 and a beta of 0.08. The company has a current ratio of 8.09, a quick ratio of 2.43 and a debt-to-equity ratio of 12.54.

CQS New City High Yield (LON:NCYF) last released its quarterly earnings results on Thursday, February 26th. The company reported GBX 2.29 earnings per share (EPS) 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

In related news, insider Caroline Hitch purchased 50,000 shares of CQS New City High Yield stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average cost of GBX 50 per share, with a total value of £25,000. 1.00% of the stock is owned by company insiders.

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.