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Galp Energia, SGPS (OTCMKTS:GLPEY) Shares Pass Below 50-Day Moving Average - Should You Sell?

Galp Energia, SGPS logo with Oils/Energy background

Shares of Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.41 and traded as low as $8.50. Galp Energia, SGPS shares last traded at $8.58, with a volume of 30,124 shares.

Galp Energia, SGPS Price Performance

The stock has a fifty day moving average of $9.37 and a two-hundred day moving average of $10.03. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 9.13 and a beta of 0.48. The company has a quick ratio of 1.31, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Galp Energia, SGPS Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.1553 per share. The ex-dividend date was Monday, August 19th. This is a positive change from Galp Energia, SGPS's previous dividend of $0.15. Galp Energia, SGPS's dividend payout ratio is currently 13.83%.

About Galp Energia, SGPS

(Get Free Report)

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.

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