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

CQS New City High Yield (LON:NCYF)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 51.57 ($0.64) and traded as low as GBX 51.40 ($0.64). CQS New City High Yield shares last traded at GBX 51.80 ($0.64), with a volume of 3,046,943 shares.

CQS New City High Yield Stock Performance

The stock has a 50-day moving average of GBX 51.57 and a 200 day moving average of GBX 51.95. The company has a quick ratio of 2.43, a current ratio of 0.21 and a debt-to-equity ratio of 13.83. The stock has a market cap of £280.94 million, a PE ratio of 1,726.67 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 24th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 1.92%. CQS New City High Yield’s payout ratio is currently 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.