CQS New City High Yield (LON:NCYF) Stock Jumps 0.2% – Here’s Why

CQS New City High Yield (LON:NCYF)’s share price traded up 0.2% during mid-day trading on Monday. The stock traded as high as GBX 49.50 and last traded at GBX 48.38. 1,133,979 shares traded hands during trading, a decline of 46% from the average session volume of 2,088,951 shares. The stock had previously closed at GBX 48.30.

CQS New City High Yield Trading Up 0.2%

The company has a current ratio of 5.61, a quick ratio of 2.43 and a debt-to-equity ratio of 11.93. The company has a market capitalization of £359.51 million, a P/E ratio of 11.02 and a beta of 0.08. The business has a 50 day moving average price of GBX 50.16 and a 200 day moving average price of GBX 50.69.

CQS New City High Yield (LON:NCYF) last released its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 4.64 earnings per share for the quarter. CQS New City High Yield had a net margin of 79.02% and a return on equity of 8.83%.

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.