Croda International (OTCMKTS:COIHY) Sees Strong Trading Volume - Here's Why

Key Points

• Croda International's trading volume increased dramatically by 432%, with 329,603 shares traded on Thursday, compared to the previous session's 61,952 shares.
• Despite a recent uptick in trading, Croda's stock is currently down by 3.0%, with the last trade at $18.26 down from a previous closing of $18.82.
• The company announced a dividend of $0.2558 to be paid on October 22nd, with a significant dividend yield of 361.0% based on the record date of September 1st.

Croda International PLC Unsponsored ADR (OTCMKTS:COIHY - Get Free Report) shares saw an uptick in trading volume on Thursday . 329,603 shares were traded during trading, an increase of 432% from the previous session's volume of 61,952 shares.The stock last traded at $18.26 and had previously closed at $18.82.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COIHY. Kepler Capital Markets raised shares of Croda International to a "strong sell" rating in a research report on Monday, June 30th. Barclays raised shares of Croda International from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold".

Croda International Stock Down 3.0%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.07. The firm's 50 day simple moving average is $17.44 and its 200-day simple moving average is $18.96.

Croda International Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Monday, September 1st will be paid a $0.2558 dividend. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 361.0%.

About Croda International

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers speciality and active ingredients across beauty care, beauty actives, and home care products, as well as fragrances and flavours.

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