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

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 50.81 ($0.69) and traded as low as GBX 50 ($0.68). CQS New City High Yield shares last traded at GBX 50 ($0.68), with a volume of 1,030,886 shares trading hands.

CQS New City High Yield Stock Down 0.8%

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 company has a market cap of £295.03 million, a price-to-earnings ratio of 6.30 and a beta of 0.46. The firm's 50 day simple moving average is GBX 50.77 and its 200-day simple moving average is GBX 51.35.

CQS New City High Yield Increases Dividend

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

Insider Transactions at CQS New City High Yield

In other news, insider Wendy Dorman purchased 38,600 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of GBX 51 ($0.69) per share, with a total value of £19,686 ($26,638.70). 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.