Croda International (OTCMKTS:COIHY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Croda International shares experienced a significant increase in trading volume, rising by 36% to 80,498 shares on Monday, with the stock price closing at $17.18.
• Kepler Capital Markets has downgraded Croda International to a "strong sell", while the consensus rating remains at "Hold" according to MarketBeat.com.
• The company has announced a $0.2558 dividend to be paid on October 22nd, representing a notable yield of 361.0%.

Croda International PLC Unsponsored ADR (OTCMKTS:COIHY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 80,498 shares were traded during trading, an increase of 36% from the previous session's volume of 59,358 shares.The stock last traded at $17.18 and had previously closed at $16.85.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Croda International to a "strong sell" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Croda International presently has a consensus rating of "Hold".

Croda International Stock Up 0.2%

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.63 and a quick ratio of 1.53. The business has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $19.23.

Croda International Cuts Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.