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

Key Points

• CQS New City High Yield shares moved above their 50-day moving average, trading as high as GBX 50.60 and last changing hands at GBX 50.50 on volume of 543,985 shares.
• The trust reported key financial metrics including a GBX 2.29 EPS for the latest quarter, with return on equity of 7.00% and a net margin of 73.82%.
• Insider activity was also noted, as Caroline Hitch bought 50,000 shares at GBX 50 each, while insiders collectively own about 1% of the company.

CQS New City High Yield (LON:NCYF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 50.33 and traded as high as GBX 50.60. CQS New City High Yield shares last traded at GBX 50.50, with a volume of 543,985 shares traded.

CQS New City High Yield Price Performance

The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09. The stock has a market capitalization of £339.54 million, a price-to-earnings ratio of 14.48 and a beta of 0.08. The company has a 50-day moving average of GBX 50.33 and a 200-day moving average of GBX 50.88.

CQS New City High Yield (LON:NCYF - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported GBX 2.29 earnings per share (EPS) for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

Insiders Place Their Bets

In other news, insider Caroline Hitch bought 50,000 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average price of GBX 50 per share, with a total value of £25,000. Insiders own 1.00% of the company's stock.

About CQS New City High Yield

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. The Company also invests in equities and other income-yielding securities. Since the Fund's launch in 2007, the Board has increased the level of dividends paid every year.

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