CQS New City High Yield (LON:NCYF) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

CQS New City High Yield (LON:NCYF)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 51.61 ($0.63) and traded as low as GBX 51.20 ($0.63). CQS New City High Yield shares last traded at GBX 52.80 ($0.64), with a volume of 1,381,193 shares changing hands.

CQS New City High Yield Price Performance

The company has a debt-to-equity ratio of 13.83, a current ratio of 0.21 and a quick ratio of 2.43. The business’s fifty day moving average price is GBX 51.65 and its 200-day moving average price is GBX 51.95. The stock has a market capitalization of £286.36 million, a price-to-earnings ratio of 1,760.00 and a beta of 0.46.

CQS New City High Yield Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 24th were paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a yield of 1.92%. CQS New City High Yield’s dividend payout ratio (DPR) is currently 13,333.33%.

CQS New City High Yield Company Profile

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.