CQS New City High Yield (LON:NCYF) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 51.82 ($0.64) and traded as low as GBX 51.60 ($0.64). CQS New City High Yield shares last traded at GBX 53 ($0.65), with a volume of 1,476,267 shares changing hands.

CQS New City High Yield Price Performance

The company’s fifty day moving average is GBX 51.82 and its 200 day moving average is GBX 51.96. The firm has a market cap of £286.09 million, a price-to-earnings ratio of 1,758.33 and a beta of 0.46. The company has a quick ratio of 2.43, a current ratio of 0.21 and a debt-to-equity ratio of 13.83.

CQS New City High Yield Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 23rd will be issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, January 23rd. CQS New City High Yield’s payout ratio is 13,333.33%.

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.