CQS New City High Yield (LON:NCYF) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 50.92 and traded as low as GBX 50.40. CQS New City High Yield shares last traded at GBX 51.40, with a volume of 2,264,336 shares changing hands.

CQS New City High Yield Trading Down 1.9%

The stock has a market capitalization of £339.66 million, a price-to-earnings ratio of 14.49 and a beta of 0.04. 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 business has a 50-day moving average of GBX 50.40 and a 200-day moving average of GBX 50.92.

CQS New City High Yield (LON:NCYF) last announced its 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 other news, insider Caroline Hitch bought 50,000 shares of the firm’s 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 currently 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.