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CQS New City High Yield (LON:NCYF) Shares Cross Below 200 Day Moving Average - Here's What Happened

CQS New City High Yield logo with Financial Services background

CQS New City High Yield (LON:NCYF - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 51.79 ($0.65) and traded as low as GBX 51.20 ($0.65). CQS New City High Yield shares last traded at GBX 51.60 ($0.65), with a volume of 700,430 shares changing hands.

CQS New City High Yield Stock Performance

The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80. The stock has a market capitalization of £303.26 million, a PE ratio of 6.48 and a beta of 0.46. The firm's fifty day moving average is GBX 51.79 and its 200-day moving average is GBX 51.77.

CQS New City High Yield (LON:NCYF - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) earnings per share (EPS) for the quarter. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be given a GBX 1 ($0.01) dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, January 23rd. CQS New City High Yield's payout ratio is 50.20%.

CQS New City High Yield Company Profile

(Get Free Report)

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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