CQS New City High Yield (LON:NCYF) Stock Crosses Below Fifty Day Moving Average - What's Next?

Shares of CQS New City High Yield (LON:NCYF - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 51.23 ($0.68) and traded as low as GBX 50.10 ($0.67). CQS New City High Yield shares last traded at GBX 50.40 ($0.67), with a volume of 1,357,209 shares.

CQS New City High Yield Price Performance

The firm has a market cap of £300.91 million, a price-to-earnings ratio of 6.43 and a beta of 0.46. The firm's fifty day moving average is GBX 51.19 and its two-hundred day moving average is GBX 51.56. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43.

CQS New City High Yield Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were issued a GBX 2.28 ($0.03) dividend. The ex-dividend date was Thursday, March 20th. This represents a yield of 3.69%. This is an increase from CQS New City High Yield's previous dividend of $1.00. CQS New City High Yield's dividend payout ratio is presently 50.20%.

Insider Buying and Selling

In other CQS New City High Yield news, insider Wendy Dorman purchased 38,600 shares of the company's stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of GBX 51 ($0.68) per share, for a total transaction of £19,686 ($26,181.67). 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.