South32 (OTCMKTS:SOUHY) Shares Gap Down – Time to Sell?

Shares of South32 Ltd. (OTCMKTS:SOUHY) gapped down prior to trading on Thursday . The stock had previously closed at $11.67, but opened at $11.00. South32 shares last traded at $11.56, with a volume of 2,374 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

South32 Price Performance

The stock has a 50 day moving average price of $10.44 and a two-hundred day moving average price of $9.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43.

South32 Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 16th. Investors of record on Monday, September 22nd were paid a dividend of $0.1196 per share. The ex-dividend date was Friday, September 19th. This represents a yield of 316.0%.

About South32

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.