Croda International (OTCMKTS:COIHY) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Croda International's stock has fallen below its 50-day moving average of $18.65, trading as low as $16.78 recently.
• Kepler Capital Markets has downgraded the stock to a "strong sell" rating, while the overall consensus remains a "hold."
• The company announced a dividend of $0.2558, yielding 361.0%, payable on October 22nd for investors of record as of September 1st.

Croda International PLC Unsponsored ADR (OTCMKTS:COIHY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.65 and traded as low as $16.78. Croda International shares last traded at $16.90, with a volume of 79,115 shares traded.

Analyst Ratings Changes

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

Croda International Price Performance

The firm has a 50-day moving average of $18.65 and a 200 day moving average of $19.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.63 and a quick ratio of 1.53.

Croda International Cuts Dividend

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

Croda International Company Profile

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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