South32 (OTCMKTS:SOUHY) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

South32 Limited (OTCMKTS:SOUHY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.05 and traded as low as $9.22. South32 shares last traded at $9.30, with a volume of 217,141 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SOUHY shares. UBS Group downgraded South32 from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Citigroup reissued a “buy” rating on shares of South32 in a report on Tuesday, March 25th.

South32 Stock Down 10.8 %

The firm has a 50 day moving average price of $10.99 and a 200 day moving average price of $11.36. The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.15.

South32 Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. This is a boost from South32’s previous dividend of $0.14. The ex-dividend date was Friday, March 7th.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.