South32 (OTCMKTS:SOUHY) Sets New 52-Week Low – Here’s Why

South32 Limited (OTCMKTS:SOUHY)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.97 and last traded at $8.25, with a volume of 237071 shares changing hands. The stock had previously closed at $9.25.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SOUHY shares. UBS Group downgraded South32 from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday, March 25th.

South32 Trading Down 10.8 %

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 business has a fifty day moving average of $10.99 and a 200-day moving average of $11.37.

South32 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th were issued a $0.17 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from South32’s previous dividend of $0.14.

South32 Company Profile

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.