Vodafone Group Public (NASDAQ:VOD) Hits New 12-Month Low - Here's What Happened

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.00 and last traded at $8.03, with a volume of 5186445 shares traded. The stock had previously closed at $8.49.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Vodafone Group Public presently has a consensus rating of "Moderate Buy".

Vodafone Group Public Price Performance

The stock's 50-day simple moving average is $8.54 and its two-hundred day simple moving average is $9.19. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Vodafone Group Public Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, February 7th. Investors of record on Friday, November 22nd will be paid a $0.2423 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 8%.

Institutional Trading of Vodafone Group Public

Hedge funds and other institutional investors have recently made changes to their positions in the business. SVB Wealth LLC acquired a new position in Vodafone Group Public in the fourth quarter valued at about $123,000. Parkside Financial Bank & Trust boosted its stake in shares of Vodafone Group Public by 912.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock worth $61,000 after buying an additional 6,500 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Vodafone Group Public by 749.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier's stock valued at $18,270,000 after buying an additional 1,898,663 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Vodafone Group Public by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,054,261 shares of the cell phone carrier's stock valued at $42,911,000 after acquiring an additional 91,010 shares during the last quarter. Finally, Callan Capital LLC raised its holdings in shares of Vodafone Group Public by 23.5% in the 4th quarter. Callan Capital LLC now owns 63,799 shares of the cell phone carrier's stock valued at $542,000 after purchasing an additional 12,137 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.