CQS New City High Yield (LON:NCYF) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 51.97 ($0.66) and traded as low as GBX 51.60 ($0.66). CQS New City High Yield shares last traded at GBX 51.60 ($0.66), with a volume of 647,195 shares changing hands.

CQS New City High Yield Trading Down 0.1 %

The company has a 50 day moving average of GBX 51.73 and a 200 day moving average of GBX 51.97. The firm has a market cap of £279.48 million, a P/E ratio of 1,720.00 and a beta of 0.46. The company has a debt-to-equity ratio of 13.83, a quick ratio of 2.43 and a current ratio of 0.21.

CQS New City High Yield Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 24th were given a GBX 1 ($0.01) dividend. This represents a yield of 1.92%. The ex-dividend date of this dividend was Thursday, October 24th. CQS New City High Yield’s dividend payout ratio is 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.