South32 (OTCMKTS:SOUHY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of South32 Limited (OTCMKTS:SOUHY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

SOUHY has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of South32 in a report on Tuesday, March 25th. UBS Group downgraded South32 from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st.

South32 Trading Down 10.8 %

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

South32 Increases Dividend

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

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.