CQS New City High Yield (LON:NCYF) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

CQS New City High Yield (LON:NCYF) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 51.37 and traded as low as GBX 50.50. CQS New City High Yield shares last traded at GBX 50.70, with a volume of 2,002,514 shares changing hands.

CQS New City High Yield Stock Performance

The company has a market capitalization of £348.68 million, a PE ratio of 14.51 and a beta of 0.08. The company has a quick ratio of 2.43, a current ratio of 8.09 and a debt-to-equity ratio of 12.54. The firm has a 50-day moving average of GBX 51.34 and a two-hundred day moving average of GBX 50.84.

Insider Buying and Selling at CQS New City High Yield

In related news, insider Caroline Hitch purchased 40,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of GBX 52 per share, for a total transaction of £20,800. Also, insider Ian Cadby purchased 26,000 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was purchased at an average cost of GBX 52 per share, with a total value of £13,520. Insiders purchased a total of 121,000 shares of company stock worth $6,292,000 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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. 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.