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CQS New City High Yield (LON:NCYF) Stock Passes Below 200 Day Moving Average - Here's Why

CQS New City High Yield logo with Financial Services background

CQS New City High Yield (LON:NCYF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

CQS New City High Yield Stock Performance

The company has a quick ratio of 2.43, a current ratio of 0.21 and a debt-to-equity ratio of 13.83. The firm has a 50 day moving average price of GBX 51.73 and a 200 day moving average price of GBX 51.97. The stock has a market cap of £280.94 million, a PE ratio of 1,717.70 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 24th were paid 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 (DPR) is 13,333.33%.

About CQS New City High Yield

(Get Free Report)

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.

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