Localiza Rent a Car (OTCMKTS:LZRFY) Trading Down 1.7% – Should You Sell?

Localiza Rent a Car S.A. (OTCMKTS:LZRFY)’s share price was down 1.7% on Tuesday . The stock traded as low as $7.68 and last traded at $8.00. Approximately 3,836 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 24,958 shares. The stock had previously closed at $8.14.

Localiza Rent a Car Stock Performance

The stock has a 50-day simple moving average of $8.01 and a two-hundred day simple moving average of $7.34.

Localiza Rent a Car Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, October 6th were given a $0.0821 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a yield of 353.0%. This is a boost from Localiza Rent a Car’s previous dividend of $0.08. Localiza Rent a Car’s dividend payout ratio is 13.86%.

About Localiza Rent a Car

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.