CQS New City High Yield (LON:NCYF) Shares Down 0.4% - Time to Sell?

CQS New City High Yield (LON:NCYF - Get Free Report) dropped 0.4% during trading on Thursday . The stock traded as low as GBX 51.20 ($0.65) and last traded at GBX 51.60 ($0.66). Approximately 1,159,970 shares traded hands during trading, an increase of 27% from the average daily volume of 912,116 shares. The stock had previously closed at GBX 51.80 ($0.66).

CQS New City High Yield Stock Performance

The company has a 50 day simple moving average of GBX 51.81 and a 200 day simple moving average of GBX 51.98. 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 stock has a market cap of £278.77 million, a price-to-earnings ratio of 1,720.00 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 24th were issued 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 payout ratio is presently 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.