Insider Buying: CQS New City High Yield (LON:NCYF) Insider Purchases £13,000 in Stock

CQS New City High Yield (LON:NCYF) insider Andrew Dann purchased 25,000 shares of the stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of GBX 52 ($0.71) per share, for a total transaction of £13,000 ($17,752.29).

CQS New City High Yield Stock Performance

NCYF opened at GBX 52 ($0.71) on Thursday. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80. CQS New City High Yield has a 12-month low of GBX 48.56 ($0.66) and a 12-month high of GBX 54 ($0.74). The business has a 50 day moving average of GBX 50.91 and a 200-day moving average of GBX 51.29. The stock has a market cap of £305.61 million, a price-to-earnings ratio of 6.53 and a beta of 0.46.

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.