CQS New City High Yield (LON:NCYF) Trading Down 0.8% – What’s Next?

CQS New City High Yield (LON:NCYF)’s share price fell 0.8% on Wednesday . The stock traded as low as GBX 51.20 and last traded at GBX 51.20. 876,240 shares traded hands during trading, a decline of 39% from the average session volume of 1,424,865 shares. The stock had previously closed at GBX 51.60.

CQS New City High Yield Price Performance

The company’s 50 day simple moving average is GBX 51.13 and its 200 day simple moving average is GBX 51.44. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43. The stock has a market cap of £340.42 million, a P/E ratio of 17.08 and a beta of 0.46.

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.