CQS New City High Yield (LON:NCYF) Issues Earnings Results

CQS New City High Yield (LON:NCYF) announced its earnings results on Thursday. The company reported GBX 2.29 EPS for the quarter, Digital Look Earnings reports. CQS New City High Yield had a net margin of 88.30% and a return on equity of 16.49%.

CQS New City High Yield Price Performance

LON:NCYF remained flat at GBX 51.40 on Thursday. 1,219,205 shares of the company’s stock were exchanged, compared to its average volume of 1,646,671. The stock’s fifty day simple moving average is GBX 51.36 and its two-hundred day simple moving average is GBX 51.29. The company has a debt-to-equity ratio of 12.80, a current ratio of 0.33 and a quick ratio of 2.43. CQS New City High Yield has a 52-week low of GBX 48.56 and a 52-week high of GBX 53.40. The firm has a market cap of £344.02 million, a P/E ratio of 17.08 and a beta of 0.46.

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.