CQS New City High Yield (LON:NCYF) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of CQS New City High Yield (LON:NCYF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 51.94 ($0.67) and traded as high as GBX 52 ($0.67). CQS New City High Yield shares last traded at GBX 51 ($0.66), with a volume of 594,203 shares.

CQS New City High Yield Stock Performance

The company has a quick ratio of 2.43, a current ratio of 0.21 and a debt-to-equity ratio of 13.83. The stock has a market capitalization of £276.60 million, a P/E ratio of 1,700.00 and a beta of 0.46. The business has a fifty day moving average price of GBX 51.94 and a 200-day moving average price of GBX 52.06.

CQS New City High Yield Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.92%. The ex-dividend date is Thursday, October 24th. CQS New City High Yield’s dividend payout ratio is currently 13,333.33%.

About CQS New City High Yield

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.