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

CQS New City High Yield (LON:NCYF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 50.38 and traded as low as GBX 50.19. CQS New City High Yield shares last traded at GBX 51, with a volume of 2,469,625 shares changing hands.

CQS New City High Yield Stock Up 1.6%

The company has a 50-day moving average price of GBX 50.38 and a 200 day moving average price of GBX 50.96. The firm has a market capitalization of £343.44 million, a PE ratio of 14.66 and a beta of 0.04. The company has a debt-to-equity ratio of 12.54, a current ratio of 8.09 and a quick ratio of 2.43.

CQS New City High Yield (LON:NCYF) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX 2.29 EPS for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

Insider Activity at CQS New City High Yield

In other CQS New City High Yield news, insider Caroline Hitch acquired 50,000 shares of the stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of GBX 50 per share, for a total transaction of £25,000. 1.00% of the stock is 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. 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.