CQS New City High Yield (LON:NCYF) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

CQS New City High Yield (LON:NCYF - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 51.87 ($0.64) and traded as low as GBX 51 ($0.63). CQS New City High Yield shares last traded at GBX 51.60 ($0.64), with a volume of 795,484 shares changing hands.

CQS New City High Yield Stock Performance

The company has a current ratio of 0.21, a quick ratio of 2.43 and a debt-to-equity ratio of 13.83. The stock has a market cap of £276.60 million, a price-to-earnings ratio of 1,700.00 and a beta of 0.46. The stock's 50 day moving average is GBX 51.84 and its two-hundred day moving average is GBX 51.88.

CQS New City High Yield (LON:NCYF - Get Free Report) last posted its quarterly earnings data 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 7.27% and a net margin of 76.66%.

CQS New City High Yield Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be issued a GBX 1 ($0.01) dividend. This represents a yield of 1.89%. The ex-dividend date is Thursday, January 23rd. CQS New City High Yield's dividend payout ratio is presently 13,333.33%.

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.