CQS New City High Yield (LON:NCYF) Stock Crosses Above 50 Day Moving Average – What’s Next?

CQS New City High Yield (LON:NCYF) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 50.56 and traded as high as GBX 51. CQS New City High Yield shares last traded at GBX 50.63, with a volume of 1,565,800 shares traded.

CQS New City High Yield Stock Up 0.1%

The firm has a market cap of £368.34 million, a price-to-earnings ratio of 11.53 and a beta of 0.08. The company has a debt-to-equity ratio of 11.93, a quick ratio of 2.43 and a current ratio of 5.61. The business’s 50-day moving average is GBX 50.56 and its 200-day moving average is GBX 50.85.

CQS New City High Yield (LON:NCYF) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 4.64 earnings per share (EPS) for the quarter. CQS New City High Yield had a net margin of 79.02% and a return on equity of 8.83%.

Insider Buying and Selling at CQS New City High Yield

In other news, insider Caroline Hitch bought 40,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of GBX 52 per share, for a total transaction of £20,800. Insiders own 0.95% of the company’s stock.

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.