CQS New City High Yield (LON:NCYF) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• CQS New City High Yield shares fell below their fifty-day moving average, trading as low as GBX 50.60 during Thursday's session.
• The stock has a debt-to-equity ratio of 12.80 and a market capitalization of £298.75 million, indicating its financial leverage and overall market value.
• Insider Andrew Dann bought 25,000 shares at an average price of GBX 52, reflecting ongoing insider confidence in the stock.

CQS New City High Yield (LON:NCYF - ) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 51.73 ($0.70) and traded as low as GBX 50.60 ($0.68). CQS New City High Yield shares last traded at GBX 50.80 ($0.69), with a volume of 698,111 shares traded.

CQS New City High Yield Trading Up 0.1%

The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43. The firm's 50 day moving average price is GBX 51.73 and its 200 day moving average price is GBX 51.26. The stock has a market capitalization of £298.75 million, a P/E ratio of 6.38 and a beta of 0.46.

Insider Buying and Selling

In related news, insider Andrew Dann acquired 25,000 shares of the stock in a transaction on Friday, June 27th. The stock was acquired at an average price of GBX 52 ($0.70) per share, for a total transaction of £13,000 ($17,588.96). 0.11% of the stock is owned by company insiders.

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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