CQS New City High Yield (LON:NCYF) Stock Crosses Below 50-Day Moving Average – What’s Next?

CQS New City High Yield (LON:NCYFGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 50.81 ($0.68) and traded as low as GBX 50 ($0.67). CQS New City High Yield shares last traded at GBX 50 ($0.67), with a volume of 1,030,886 shares.

CQS New City High Yield Stock Up 0.9%

The firm has a market cap of £296.50 million, a price-to-earnings ratio of 6.33 and a beta of 0.46. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80. The firm has a fifty day moving average price of GBX 50.81 and a 200-day moving average price of GBX 51.38.

CQS New City High Yield Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were given a dividend of GBX 2.28 ($0.03) per share. The ex-dividend date was Thursday, March 20th. This is an increase from CQS New City High Yield’s previous dividend of $1.00. This represents a yield of 3.69%. CQS New City High Yield’s dividend payout ratio is 50.20%.

Insider Buying and Selling at CQS New City High Yield

In related news, insider Wendy Dorman purchased 38,600 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of GBX 51 ($0.68) per share, with a total value of £19,686 ($26,293.58). 0.11% of the stock is owned by company insiders.

About CQS New City High Yield

(Get Free Report)

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.

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