CQS New City High Yield (LON:NCYF) Stock Crosses Below 50-Day Moving Average - Here's What Happened

CQS New City High Yield (LON:NCYF - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 51.61 ($0.63) and traded as low as GBX 51.20 ($0.63). CQS New City High Yield shares last traded at GBX 52.80 ($0.64), with a volume of 1,381,193 shares trading hands.

CQS New City High Yield Stock Up 2.7 %

The firm has a market capitalization of £286.36 million, a P/E ratio of 1,760.00 and a beta of 0.46. The company has a fifty day simple moving average of GBX 51.65 and a 200 day simple moving average of GBX 51.95. The company has a quick ratio of 2.43, a current ratio of 0.21 and a debt-to-equity ratio of 13.83.

CQS New City High Yield Cuts Dividend

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