CQS New City High Yield (LON:NCYF) Stock Passes Below 50-Day Moving Average – Should You Sell?

CQS New City High Yield (LON:NCYF)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 51.61 ($0.63) and traded as low as GBX 51.20 ($0.63). CQS New City High Yield shares last traded at GBX 52.80 ($0.64), with a volume of 1,381,193 shares trading hands.

CQS New City High Yield Price Performance

The company has a debt-to-equity ratio of 13.83, a quick ratio of 2.43 and a current ratio of 0.21. The firm has a fifty day simple moving average of GBX 51.61 and a two-hundred day simple moving average of GBX 51.94. The firm has a market cap of £286.36 million, a PE ratio of 1,760.00 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The firm 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 dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, October 24th. CQS New City High Yield’s dividend payout ratio (DPR) is presently 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.