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

Shares of CQS New City High Yield (LON:NCYF) passed 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.

CQS New City High Yield Stock Down 0.2%

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

Insider Buying and Selling

In other news, insider Andrew Dann bought 25,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of GBX 52 per share, for a total transaction of £13,000. Also, insider John Newlands bought 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was purchased at an average cost of GBX 52 per share, for a total transaction of £15,600. Over the last ninety days, insiders bought 94,180 shares of company stock worth $4,819,000. Corporate insiders own 0.99% of the company’s stock.

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.