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

CQS New City High Yield (LON:NCYF) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 51.09 and traded as high as GBX 52.50. CQS New City High Yield shares last traded at GBX 52.20, with a volume of 1,457,073 shares trading hands.

CQS New City High Yield Price Performance

The company has a debt-to-equity ratio of 12.54, a current ratio of 8.09 and a quick ratio of 2.43. The stock has a market capitalization of £360.42 million, a price-to-earnings ratio of 15.00 and a beta of 0.08. The stock’s 50 day simple moving average is GBX 51.09 and its 200-day simple moving average is GBX 50.91.

Insider Transactions at CQS New City High Yield

In other CQS New City High Yield news, insider Andrew Dann purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of GBX 52 per share, for a total transaction of £13,000. Also, insider Joanna Dentskevich acquired 39,180 shares of CQS New City High Yield stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of GBX 50 per share, with a total value of £19,590. Insiders have acquired a total of 94,180 shares of company stock worth $4,819,000 in the last 90 days. 0.99% of the stock is owned by 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. 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.