CQS New City High Yield (LON:NCYF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

CQS New City High Yield (LON:NCYF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 51.96 ($0.67) and traded as high as GBX 53.40 ($0.69). CQS New City High Yield shares last traded at GBX 52.40 ($0.68), with a volume of 1,343,694 shares trading hands.

CQS New City High Yield Price Performance

The business’s 50 day moving average price is GBX 51.96 and its two-hundred day moving average price is GBX 52.12. The stock has a market cap of £279.80 million, a P/E ratio of 1,746.67 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 business also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, October 24th. CQS New City High Yield’s payout ratio is 13,333.33%.

About CQS New City High Yield

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.