CQS New City High Yield (LON:NCYF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

CQS New City High Yield (LON:NCYF)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 51.35 and traded as high as GBX 51.80. CQS New City High Yield shares last traded at GBX 50.80, with a volume of 900,300 shares trading hands.

CQS New City High Yield Trading Up 0.2%

The company has a debt-to-equity ratio of 13.39, a current ratio of 3.10 and a quick ratio of 2.43. The firm has a market cap of £340.75 million, a price-to-earnings ratio of 16.91 and a beta of 0.29. The firm’s fifty day moving average is GBX 51.35 and its 200-day moving average is GBX 51.30.

CQS New City High Yield (LON:NCYF) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX 2.29 earnings per share for the quarter. CQS New City High Yield had a return on equity of 6.01% and a net margin of 74.98%.

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. 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.