CQS New City High Yield (LON:NCYF) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of CQS New City High Yield (LON:NCYF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 51.64 ($0.67) and traded as high as GBX 52.20 ($0.67). CQS New City High Yield shares last traded at GBX 51.40 ($0.66), with a volume of 575,038 shares traded.

CQS New City High Yield Price Performance

The firm has a market cap of £302.08 million, a P/E ratio of 6.45 and a beta of 0.46. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80. The business has a 50-day moving average of GBX 51.64 and a two-hundred day moving average of GBX 51.74.

CQS New City High Yield (LON:NCYF) last issued its quarterly earnings data on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) earnings per share for the quarter. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be issued a dividend of GBX 2.28 ($0.03) per share. The ex-dividend date is Thursday, March 20th. This is an increase from CQS New City High Yield’s previous dividend of $1.00. This represents a yield of 3.69%. CQS New City High Yield’s payout ratio is presently 50.20%.

Insiders Place Their Bets

In related news, insider Wendy Dorman bought 38,600 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of GBX 51 ($0.66) per share, with a total value of £19,686 ($25,417.69). Company insiders own 0.11% of the company’s stock.

CQS New City High Yield Company Profile

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.