CQS New City High Yield (LON:NCYF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

CQS New City High Yield (LON:NCYF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 51.57 ($0.64) and traded as low as GBX 51.40 ($0.64). CQS New City High Yield shares last traded at GBX 51.80 ($0.64), with a volume of 3,046,943 shares trading hands.

CQS New City High Yield Price Performance

The company has a current ratio of 0.21, a quick ratio of 2.43 and a debt-to-equity ratio of 13.83. The stock has a 50-day moving average price of GBX 51.57 and a 200 day moving average price of GBX 51.95. The stock has a market capitalization of £280.94 million, a price-to-earnings ratio of 1,726.67 and a beta of 0.46.

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 given a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, October 24th. CQS New City High Yield’s dividend payout ratio (DPR) is presently 13,333.33%.

CQS New City High Yield Company Profile

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.