CQS New City High Yield (LON:NCYF) Stock Price Passes Above 50-Day Moving Average - Here's Why

CQS New City High Yield (LON:NCYF - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 50.84 ($0.70) and traded as high as GBX 52 ($0.71). CQS New City High Yield shares last traded at GBX 52 ($0.71), with a volume of 1,255,362 shares traded.

CQS New City High Yield Stock Up 0.4%

The firm has a market cap of £303.26 million, a price-to-earnings ratio of 6.48 and a beta of 0.46. The firm has a 50 day moving average price of GBX 50.88 and a 200-day moving average price of GBX 51.29. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80.

Insider Buying and Selling

In related news, insider Andrew Dann acquired 25,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of GBX 52 ($0.71) per share, for a total transaction of £13,000 ($17,864.50). Corporate 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.