CQS New City High Yield (LON:NCYF) Stock Price Passes Above 50 Day Moving Average of $51.88

Shares of CQS New City High Yield (LON:NCYF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 51.88 ($0.69) and traded as high as GBX 52.20 ($0.70). CQS New City High Yield shares last traded at GBX 52 ($0.70), with a volume of 736,415 shares trading hands.

CQS New City High Yield Price 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 firm has a market cap of £282.23 million, a P/E ratio of 1,733.33 and a beta of 0.46. The stock’s 50-day simple moving average is GBX 51.88 and its two-hundred day simple moving average is GBX 52.

CQS New City High Yield Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 1st were issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from CQS New City High Yield’s previous dividend of $1.00. This represents a dividend yield of 2.82%. CQS New City High Yield’s dividend payout ratio is presently 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.