CQS New City High Yield (LON:NCYF) Share Price Passes Below 50 Day Moving Average - Should You Sell?

CQS New City High Yield (LON:NCYF - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 51.16 ($0.68) and traded as low as GBX 51 ($0.68). CQS New City High Yield shares last traded at GBX 51 ($0.68), with a volume of 1,014,256 shares.

CQS New City High Yield Price Performance

The firm's 50 day moving average price is GBX 51 and its two-hundred day moving average price is GBX 51.47. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80. The company has a market capitalization of £293.86 million, a P/E ratio of 6.28 and a beta of 0.46.

CQS New City High Yield Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were issued a GBX 2.28 ($0.03) dividend. This is a boost 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 (DPR) is presently 50.20%.

Insider Activity at CQS New City High Yield

In other CQS New City High Yield news, insider Wendy Dorman acquired 38,600 shares of the company's stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of GBX 51 ($0.68) per share, for a total transaction of £19,686 ($26,286.55). 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.