CQS New City High Yield (LON:NCYF) Shares Pass Above 50 Day Moving Average - Here's What Happened

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 - ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

CQS New City High Yield Price Performance

The stock has a 50 day simple moving average of GBX 51.60 and a two-hundred day simple moving average of GBX 51.22. The company has a market cap of £326.41 million, a price-to-earnings ratio of 912.92 and a beta of 0.46. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43.

Insiders Place Their Bets

In related news, insider Andrew Dann acquired 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. Company 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.

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