CQS New City High Yield (LON:NCYF) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• CQS New City High Yield (LON:NCYF) shares recently crossed above their 50-day moving average of GBX 51.55, trading as high as GBX 52.
• The company has a market capitalization of £327.01 million and a high PE ratio of 914.59, indicating potential overvaluation concerns.
• Insider Andrew Dann purchased 25,000 shares at an average price of GBX 52, suggesting confidence in the company's future performance.

CQS New City High Yield (LON:NCYF - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 51.55 ($0.69) and traded as high as GBX 52 ($0.70). CQS New City High Yield shares last traded at GBX 51.40 ($0.69), with a volume of 1,690,533 shares.

CQS New City High Yield Stock Down 0.4%

The company's fifty day moving average price is GBX 51.55 and its 200-day moving average price is GBX 51.21. The stock has a market cap of £327.01 million, a P/E ratio of 914.59 and a beta of 0.46. The company has a debt-to-equity ratio of 12.80, a quick ratio of 2.43 and a current ratio of 0.33.

Insider Activity

In related news, insider Andrew Dann acquired 25,000 shares of CQS New City High Yield stock in a transaction on Friday, June 27th. The stock was bought at an average cost of GBX 52 per share, for a total transaction of £13,000. 1.05% of the stock is currently owned by corporate 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.