CQS New City High Yield (LON:NCYF) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of CQS New City High Yield (LON:NCYF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 51.64 ($0.65) and traded as high as GBX 52 ($0.65). CQS New City High Yield shares last traded at GBX 51.61 ($0.65), with a volume of 222,173 shares.

CQS New City High Yield Trading Down 0.1 %

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 company has a market capitalization of £280.24 million, a P/E ratio of 1,722.40 and a beta of 0.46. The business has a fifty day moving average price of GBX 51.61 and a 200 day moving average price of GBX 51.95.

CQS New City High Yield Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 24th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a dividend yield of 1.92%. CQS New City High Yield’s dividend payout ratio (DPR) is presently 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.