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MTN Group (OTCMKTS:MTNOY) Share Price Crosses Below 50 Day Moving Average - Here's Why

MTN Group logo with Computer and Technology background

MTN Group Limited (OTCMKTS:MTNOY - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.24 and traded as low as $5.31. MTN Group shares last traded at $5.74, with a volume of 83,783 shares changing hands.

MTN Group Trading Up 4.8 %

The firm has a 50-day simple moving average of $6.21 and a two-hundred day simple moving average of $5.41.

MTN Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 11th will be paid a $0.1907 dividend. This is a boost from MTN Group's previous dividend of $0.12. The ex-dividend date of this dividend is Friday, April 11th.

About MTN Group

(Get Free Report)

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.

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