CQS New City High Yield (LON:NCYF) Stock Price Down 0.4% – Should You Sell?

Shares of CQS New City High Yield (LON:NCYF) were down 0.4% during mid-day trading on Thursday . The company traded as low as GBX 51.20 ($0.65) and last traded at GBX 51.60 ($0.66). Approximately 1,159,970 shares changed 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 debt-to-equity ratio of 13.83, a current ratio of 0.21 and a quick ratio of 2.43. The company has a market capitalization of £279.85 million, a PE ratio of 1,720.00 and a beta of 0.46. The firm’s fifty day simple moving average is GBX 51.81 and its 200 day simple moving average is GBX 51.98.

CQS New City High Yield Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 24th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a yield of 1.92%. 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.