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Avolta (OTCMKTS:DUFRY) Trading 1.3% Higher - Time to Buy?

Avolta logo with Consumer Discretionary background

Key Points

  • Avolta AG shares experienced a modest increase of 1.3% during trading, closing at $5.56, despite a significant decline in trading volume.
  • BNP Paribas has upgraded Avolta from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the stock.
  • The company announced a recent increase in dividend to $0.0939 per share, reflecting a substantial yield of 177.0%.
  • Want stock alerts on Avolta? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY - Get Free Report) shares traded up 1.3% during trading on Wednesday . The stock traded as high as $5.58 and last traded at $5.56. 53,270 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 228,890 shares. The stock had previously closed at $5.49.

Analysts Set New Price Targets

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

View Our Latest Stock Report on Avolta

Avolta Price Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.37 and a current ratio of 0.69. The stock has a 50-day simple moving average of $5.34 and a 200 day simple moving average of $4.86.

Avolta Increases Dividend

The company also recently declared 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. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 177.0%. This is a positive change from Avolta's previous dividend of $0.04.

Avolta Company Profile

(Get Free Report)

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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