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

Shares of CQS New City High Yield (LON:NCYF) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 50.91 and traded as low as GBX 49. CQS New City High Yield shares last traded at GBX 49.35, with a volume of 706,358 shares changing hands.

CQS New City High Yield Price Performance

The company has a debt-to-equity ratio of 12.54, a current ratio of 8.09 and a quick ratio of 2.43. The stock’s fifty day moving average is GBX 50.91 and its 200-day moving average is GBX 51.18. The stock has a market cap of £332.32 million, a PE ratio of 16.40 and a beta of 0.04.

CQS New City High Yield (LON:NCYF) last issued its earnings results on Thursday, February 26th. The company reported GBX 2.29 EPS for the quarter. CQS New City High Yield had a net margin of 73.82% and a return on equity of 7.00%.

About CQS New City High Yield

CQS New City High Yield Fund Limited aims to provide investors with a high dividend yield and the potential for capital growth by investing in high-yielding, fixed interest securities. These include, but are not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income-yielding securities.

Since the Fund’s launch in 2007, the Board has increased the level of dividends paid every year.