Avolta (OTCMKTS:DUFRY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Avolta AG (OTCMKTS:DUFRY) experienced a huge surge in trading volume, with a 3,366% increase to 3,409,716 shares on a recent trading day.
• The company declared a new dividend of $0.0939 per share, representing a notable dividend yield of 177.0%, up from a previous dividend of $0.04.
• Avolta operates as a travel retailer, managing various retail brands, including Dufry and World Duty Free, with a current stock price of $5.10.

Shares of Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 3,409,716 shares traded hands during mid-day trading, an increase of 3,366% from the previous session's volume of 98,366 shares.The stock last traded at $5.10 and had previously closed at $5.16.

Avolta Price Performance

The firm has a fifty day moving average price of $5.33 and a 200 day moving average price of $4.82. The company has a quick ratio of 0.37, a current ratio of 0.69 and a debt-to-equity ratio of 1.29.

Avolta Increases Dividend

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

About Avolta

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.