CQS New City High Yield (LON:NCYF) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

CQS New City High Yield (LON:NCYF)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 51.57 ($0.64) and traded as low as GBX 51.40 ($0.64). CQS New City High Yield shares last traded at GBX 51.80 ($0.64), with a volume of 3,046,943 shares traded.

CQS New City High Yield Stock Up 0.4 %

The business’s 50-day simple moving average is GBX 51.57 and its 200-day simple moving average is GBX 51.95. The company has a market capitalization of £282.02 million, a PE ratio of 1,733.33 and a beta of 0.46. The company has a current ratio of 0.21, a quick ratio of 2.43 and a debt-to-equity ratio of 13.83.

CQS New City High Yield Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Shareholders 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 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.