Compass Group (OTCMKTS:CMPGY) Sees Strong Trading Volume - What's Next?

Key Points

• Compass Group's shares experienced a significant increase in trading volume, with approximately 1.55 million shares changing hands—an increase of 477% from the previous session.
• The company cut its dividend to $0.206 per share, representing a yield of 1.66%, with the ex-dividend date set for June 20th.
• As of the latest trading, Compass Group's stock was priced at $34.89, slightly down from the previous close of $34.99.

Compass Group PLC (OTCMKTS:CMPGY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 1,554,766 shares changed hands during mid-day trading, an increase of 477% from the previous session's volume of 269,406 shares.The stock last traded at $34.89 and had previously closed at $34.99.

Compass Group Stock Performance

The stock has a 50 day moving average price of $34.87 and a two-hundred day moving average price of $34.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.69 and a quick ratio of 0.62.

Compass Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 11th. Investors of record on Monday, June 23rd will be paid a dividend of $0.206 per share. This represents a yield of 166.0%. The ex-dividend date of this dividend is Friday, June 20th.

Compass Group Company Profile

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.