CQS New City High Yield (LON:NCYF) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of CQS New City High Yield (LON:NCYF) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 51.23 ($0.69) and traded as low as GBX 50.10 ($0.67). CQS New City High Yield shares last traded at GBX 50.40 ($0.67), with a volume of 1,357,209 shares.

CQS New City High Yield Price Performance

The business has a fifty day moving average of GBX 51.23 and a two-hundred day moving average of GBX 51.59. The firm has a market capitalization of £298.56 million, a price-to-earnings ratio of 6.38 and a beta of 0.46. The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33.

CQS New City High Yield Increases Dividend

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

Insider Buying and Selling

In other news, insider Wendy Dorman acquired 38,600 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of GBX 51 ($0.68) per share, with a total value of £19,686 ($26,342.83). 0.11% of the stock is currently owned by insiders.

About CQS New City High Yield

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.