CQS New City High Yield (LON:NCYF) Stock Price Down 0.8% – Here’s Why

CQS New City High Yield (LON:NCYFGet Free Report) shares fell 0.8% during mid-day trading on Wednesday . The stock traded as low as GBX 51.20 and last traded at GBX 51.20. 876,240 shares were traded during trading, a decline of 39% from the average session volume of 1,424,865 shares. The stock had previously closed at GBX 51.60.

CQS New City High Yield Trading Down 0.8%

The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43. The business’s fifty day simple moving average is GBX 51.10 and its 200 day simple moving average is GBX 51.44. The stock has a market cap of £333.11 million, a price-to-earnings ratio of 17.01 and a beta of 0.46.

CQS New City High Yield Company Profile

(Get Free Report)

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.

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