CQS New City High Yield (LON:NCYF) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Shares of CQS New City High Yield (LON:NCYF - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 51.64 ($0.67) and traded as high as GBX 52.20 ($0.68). CQS New City High Yield shares last traded at GBX 51.40 ($0.67), with a volume of 575,038 shares changing hands.

CQS New City High Yield Price Performance

The stock has a market cap of £302.48 million, a P/E ratio of 6.46 and a beta of 0.46. 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's fifty day moving average price is GBX 51.60 and its 200-day moving average price is GBX 51.74.

CQS New City High Yield Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be issued a GBX 2.28 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from CQS New City High Yield's previous dividend of $1.00. This represents a yield of 3.69%. CQS New City High Yield's dividend payout ratio (DPR) is 50.20%.

Insider Buying and Selling at CQS New City High Yield

In other news, insider Wendy Dorman purchased 38,600 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of GBX 51 ($0.66) per share, for a total transaction of £19,686 ($25,486.79). Insiders own 0.11% of the company's stock.

About CQS New City High Yield

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.

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