Tesco (OTCMKTS:TSCDY) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Tesco PLC (OTCMKTS:TSCDY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.09 and traded as low as $17.99. Tesco shares last traded at $18.07, with a volume of 56,348 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research cut Tesco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Barclays restated an “overweight” rating on shares of Tesco in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Tesco Trading Down 0.4%

The business has a 50-day simple moving average of $18.09 and a 200-day simple moving average of $17.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64.

Tesco Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, December 1st. Investors of record on Monday, October 13th will be given a $0.1906 dividend. The ex-dividend date is Friday, October 10th. This represents a yield of 315.0%.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.