South32 (OTCMKTS:SOUHY) Stock Crosses Below 50 Day Moving Average - Time to Sell?

South32 Limited (OTCMKTS:SOUHY - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.05 and traded as low as $9.22. South32 shares last traded at $9.30, with a volume of 217,141 shares.

Analysts Set New Price Targets

SOUHY has been the topic of several recent research reports. Citigroup reaffirmed a "buy" rating on shares of South32 in a report on Tuesday, March 25th. UBS Group cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st.

South32 Stock Down 5.2 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. The company has a 50-day simple moving average of $10.93 and a two-hundred day simple moving average of $11.35.

South32 Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This is a positive change from South32's previous dividend of $0.14. The ex-dividend date of this dividend was Friday, March 7th.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.