Avolta (OTCMKTS:DUFRY) Hits New 1-Year High - Here's Why

Key Points

• Avolta AG's share price reached a new 52-week high of $5.66, reflecting a positive trading volume of 6047 shares.
• BNP Paribas upgraded Avolta shares from a "hold" rating to a "strong-buy" rating, suggesting strong confidence in the company's performance.
• The company has increased its dividend significantly to $0.0939 per share, resulting in a yield of 177.0%, up from the previous $0.04.

Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $5.66 and last traded at $5.66, with a volume of 6047 shares. The stock had previously closed at $5.56.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised shares of Avolta from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 7th.

Avolta Price Performance

The company's 50 day moving average is $5.34 and its two-hundred day moving average is $4.86. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.37 and a current ratio of 0.69.

Avolta Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a dividend of $0.0939 per share. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Avolta's previous dividend of $0.04. This represents a yield of 177.0%.

Avolta Company Profile

Avolta AG operates as a travel retailer. The company's retail brands include general travel retail shops under the Dufry, World Duty Free, Nuance, Hellenic Duty Free, Zurich Duty-Free or Stockholm Duty-Free, Autogrill, and HMSHost brands; Dufry shopping stores; brand boutiques; convenience stores primarily under the Hudson brand; and specialized shops and theme stores.

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