CQS New City High Yield (LON:NCYF) Stock Passes Above 50 Day Moving Average – What’s Next?

CQS New City High Yield (LON:NCYF) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 51.32 and traded as high as GBX 51.80. CQS New City High Yield shares last traded at GBX 51.20, with a volume of 377,331 shares changing hands.

CQS New City High Yield Stock Performance

The stock has a market capitalization of £342.68 million, a P/E ratio of 17.01 and a beta of 0.46. The stock’s 50-day simple moving average is GBX 51.32 and its 200 day simple moving average is GBX 51.27. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43.

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.