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CQS New City High Yield (LON:NCYF) Posts Earnings Results

CQS New City High Yield logo with Financial Services background

Key Points

  • CQS New City High Yield (LON:NCYF) reported earnings of GBX 4.43 EPS for the quarter, reflecting a net margin of 88.30% and a return on equity of 16.49%.
  • The company has a market capitalization of £327 million and significant financial metrics including a price-to-earnings ratio of 914.57 and a debt-to-equity ratio of 12.80.
  • Insider Andrew Dann purchased 25,000 shares at an average price of GBX 52, indicating confidence in the company's prospects.
  • Five stocks to consider instead of CQS New City High Yield.

CQS New City High Yield (LON:NCYF - Get Free Report) posted its quarterly earnings results on Monday. The company reported GBX 4.43 earnings per share (EPS) for the quarter, Digital Look Earnings reports. CQS New City High Yield had a net margin of 88.30% and a return on equity of 16.49%.

CQS New City High Yield Stock Up 0.8%

NCYF traded up GBX 0.40 during mid-day trading on Monday, reaching GBX 51.80. 844,708 shares of the stock were exchanged, compared to its average volume of 1,356,878. CQS New City High Yield has a 1 year low of GBX 48.56 and a 1 year high of GBX 53.40. The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33. The company has a 50 day moving average price of GBX 51.54 and a two-hundred day moving average price of GBX 51.21. The stock has a market capitalization of £329.55 million, a PE ratio of 921.71 and a beta of 0.46.

Insider Buying and Selling

In other news, insider Andrew Dann bought 25,000 shares of the stock in a transaction on Friday, June 27th. The shares were purchased at an average cost of GBX 52 per share, for a total transaction of £13,000. Insiders own 1.05% of the company's stock.

About CQS New City High Yield

(Get Free Report)

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.

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