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

Key Points

• CQS New City High Yield (LON:NCYF) stock crossed above its fifty-day moving average, reaching GBX 51.60 ($0.70) during trading.
• The company's market capitalization stands at £326.41 million with a considerable price-to-earnings ratio of 912.92 and a debt-to-equity ratio of 12.80.
• Insider Andrew Dann purchased 25,000 shares at an average price of GBX 52 per share, indicating confidence in the company.

CQS New City High Yield (LON:NCYF - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 51.60 ($0.70) and traded as high as GBX 51.60 ($0.70). CQS New City High Yield shares last traded at GBX 51.60 ($0.70), with a volume of 976,800 shares.

CQS New City High Yield Stock Performance

The stock has a market capitalization of £327.01 million, a P/E ratio of 914.59 and a beta of 0.46. The company has a quick ratio of 2.43, a current ratio of 0.33 and a debt-to-equity ratio of 12.80. The business has a fifty day moving average price of GBX 51.60 and a 200-day moving average price of GBX 51.21.

Insiders Place Their Bets

In other news, insider Andrew Dann bought 25,000 shares of the stock in a transaction on Friday, June 27th. The shares were bought at an average price of GBX 52 per share, with a total value of £13,000. Corporate insiders own 1.05% 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.