Vodacom Group (OTCMKTS:VDMCY) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Vodacom Group Limited (OTCMKTS:VDMCY)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.98 and traded as low as $7.87. Vodacom Group shares last traded at $8.1150, with a volume of 7,001 shares trading hands.

Vodacom Group Price Performance

The business’s 50-day moving average price is $7.98 and its 200 day moving average price is $7.90.

Vodacom Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $0.1357 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 321.0%. Vodacom Group’s dividend payout ratio is 42.59%.

Vodacom Group Company Profile

Vodacom Group Limited is a leading African mobile communications company offering a comprehensive range of voice, messaging, data and financial services. The company serves both consumer and enterprise markets, delivering mobile voice and data networks alongside digital solutions such as cloud computing, Internet of Things (IoT) connectivity and mobile financial services. Vodacom’s product portfolio includes prepaid and contract mobile plans, broadband internet services and a suite of digital applications designed to support e-commerce, health and educational initiatives across its markets.

Headquartered in Johannesburg, South Africa, Vodacom operates across multiple countries in sub-Saharan Africa, including South Africa, Tanzania, the Democratic Republic of the Congo, Mozambique and Kenya, with additional presence through partner networks in Lesotho and other regions.