South32 (OTCMKTS:SOUHY) Stock Passes Above 50-Day Moving Average – Should You Sell?

South32 Limited (OTCMKTS:SOUHY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.98 and traded as high as $11.73. South32 shares last traded at $11.39, with a volume of 62,898 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded South32 from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th.

South32 Stock Down 1.9 %

The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $10.98 and a 200-day moving average of $11.30.

South32 Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 7th will be issued a $0.17 dividend. This is a positive change from South32’s previous dividend of $0.14. The ex-dividend date is Friday, March 7th.

About South32

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.