CQS New City High Yield (LON:NCYF) Shares Pass Below 50 Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 51.81 ($0.65) and traded as low as GBX 51.40 ($0.65). CQS New City High Yield shares last traded at GBX 52 ($0.66), with a volume of 828,056 shares trading hands.

CQS New City High Yield Trading Down 0.7 %

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 firm has a market capitalization of £303.55 million, a P/E ratio of 6.48 and a beta of 0.46. The firm’s 50-day simple moving average is GBX 51.81 and its 200-day simple moving average is GBX 51.78.

CQS New City High Yield (LON:NCYF) last released its earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) earnings per share for the quarter. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were paid a GBX 1 ($0.01) dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend was Thursday, January 23rd. CQS New City High Yield’s dividend payout ratio is presently 50.20%.

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.