Absa Group (OTCMKTS:AGRPY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Absa Group Limited (OTCMKTS:AGRPY)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $21.33 and traded as high as $21.72. Absa Group shares last traded at $21.30, with a volume of 703 shares traded.

Absa Group Stock Performance

The stock’s 50-day moving average price is $21.33 and its 200 day moving average price is $19.84.

Absa Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid a dividend of $0.6896 per share. This is a boost from Absa Group’s previous dividend of $0.61. This represents a dividend yield of 648.0%. The ex-dividend date was Friday, September 12th. Absa Group’s payout ratio is 46.51%.

About Absa Group

Absa Group Limited, together with its subsidiaries, provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. It offers retail and business banking products and services; life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, debit, credit and prepaid cards; personal loans; corporate, relationship and transactional banking services; mobile payments; and savings and investment products and services.