CQS New City High Yield Fund (LON:NCYF) Shares Cross Below 50 Day Moving Average of $48.43
Shares of CQS New City High Yield Fund Ltd (LON:NCYF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.43 and traded as low as $47.60. CQS New City High Yield Fund shares last traded at $47.60, with a volume of 375,843 shares traded.
The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 12.01. The company has a market cap of $205.20 million and a PE ratio of 25.32. The stock has a 50-day moving average of GBX 48.43 and a 200-day moving average of GBX 50.
The company also recently declared a dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, July 23rd will be given a dividend of GBX 1.46 ($0.02) per share. This is an increase from CQS New City High Yield Fund’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a yield of 2.94%. CQS New City High Yield Fund’s dividend payout ratio (DPR) is presently 2.11%.
CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.
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