CQS New City High Yield (LON:NCYF) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 51.79 ($0.65) and traded as low as GBX 51.20 ($0.64). CQS New City High Yield shares last traded at GBX 51.60 ($0.65), with a volume of 700,430 shares.

CQS New City High Yield Stock Up 0.8 %

The firm’s 50-day simple moving average is GBX 51.80 and its 200 day simple moving average is GBX 51.79. The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33. The stock has a market capitalization of £303.26 million, a P/E ratio of 6.48 and a beta of 0.46.

CQS New City High Yield (LON:NCYF) last posted its quarterly earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) earnings per share (EPS) for the quarter. CQS New City High Yield had a net margin of 88.30% and a return on equity of 16.49%.

CQS New City High Yield Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 23rd will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 1.89%. CQS New City High Yield’s dividend payout ratio is currently 50.20%.

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.