CQS New City High Yield (LON:NCYF) Share Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• CQS New City High Yield stock has recently crossed below its 50-day moving average of GBX 51.70, indicating potential concerns for investors.
• The company reported a market capitalization of £299.73 million and a PE ratio of 6.40, suggesting it may be undervalued.
• Insider Andrew Dann purchased 25,000 shares at an average price of GBX 52, showing a level of insider confidence despite the current stock dip.

CQS New City High Yield (LON:NCYF - Get Free Report)'s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 51.70 ($0.70) and traded as low as GBX 50.60 ($0.68). CQS New City High Yield shares last traded at GBX 51 ($0.69), with a volume of 1,032,319 shares.

CQS New City High Yield Stock Performance

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 company has a market cap of £299.73 million, a PE ratio of 6.40 and a beta of 0.46. The business has a 50 day simple moving average of GBX 51.68 and a two-hundred day simple moving average of GBX 51.25.

Insider Buying and Selling at CQS New City High Yield

In other news, insider Andrew Dann bought 25,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average cost of GBX 52 per share, with a total value of £13,000. 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.