Woolworths (OTCMKTS:WLWHY) Shares Gap Down - Time to Sell?

Key Points

• Woolworths Holdings Limited saw its share price gap down from $3.03 to $2.85 before market opening, indicating potential concerns among investors.
• The company announced a dividend of $0.0273 per share, which will yield an impressive 209.0%, with the payment date set for October 9th.
• Woolworths has a debt-to-equity ratio of 0.87, suggesting a stable financial position, but its quick ratio of 0.48 indicates potential liquidity challenges.

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY - )'s share price gapped down before the market opened on Thursday . The stock had previously closed at $3.03, but opened at $2.85. Woolworths shares last traded at $2.85, with a volume of 451 shares traded.

Woolworths Trading Down 1.2%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 1.20. The company's 50-day simple moving average is $3.07 and its 200-day simple moving average is $3.07.

Woolworths Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Monday, September 29th will be given a dividend of $0.0273 per share. This represents a yield of 209.0%. The ex-dividend date of this dividend is Friday, September 26th.

Woolworths Company Profile

Woolworths Holdings Limited, through its subsidiaries, operates a chain of retail stores in South Africa, Australia, and New Zealand. It operates through seven segments: Woolworths Fashion, Beauty and Home; Woolworths Food; Woolworths Financial Services; Woolworths Logistics; Country Road Group; and Treasury.

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