CQS New City High Yield (LON:NCYF) Share Price Passes Above 50-Day Moving Average – Here’s Why

CQS New City High Yield (LON:NCYF)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 51.30 and traded as high as GBX 51.60. CQS New City High Yield shares last traded at GBX 51.21, with a volume of 3,296,513 shares traded.

CQS New City High Yield Price Performance

The firm has a fifty day moving average price of GBX 51.30 and a two-hundred day moving average price of GBX 51.34. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80. The stock has a market capitalization of £342.68 million, a P/E ratio of 17.01 and a beta of 0.46.

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.