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CQS New City High Yield (LON:NCYF) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

CQS New City High Yield logo with Financial Services background
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Key Points

  • CQS New City High Yield passed below its 200‑day moving average intraday (200‑day MA GBX 50.92) with an intraday low of GBX 50.40 and last trading at GBX 51.40, down about 1.9% on the session.
  • Insider purchase: director Caroline Hitch acquired 50,000 shares at GBX 50 (£25,000), and insiders collectively own about 1% of the stock.
  • The fund targets a high dividend yield and has increased dividends every year since its 2007 launch; latest quarterly metrics include EPS GBX 2.29 and a return on equity of 7.0%.
  • MarketBeat previews the top five stocks to own by June 1st.

CQS New City High Yield (LON:NCYF - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 50.92 and traded as low as GBX 50.40. CQS New City High Yield shares last traded at GBX 51.40, with a volume of 2,264,336 shares changing hands.

CQS New City High Yield Trading Down 1.9%

The firm has a market cap of £339.66 million, a PE ratio of 14.49 and a beta of 0.04. The company has a current ratio of 8.09, a quick ratio of 2.43 and a debt-to-equity ratio of 12.54. The business has a fifty day moving average price of GBX 50.40 and a 200 day moving average price of GBX 50.92.

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

Insider Activity at CQS New City High Yield

In other CQS New City High Yield news, insider Caroline Hitch acquired 50,000 shares of the company's stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average price of GBX 50 per share, for a total transaction of £25,000. Insiders own 1.00% of the company's stock.

CQS New City High Yield Company Profile

(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. 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.

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