Tesco (OTCMKTS:TSCDY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Tesco PLC (OTCMKTS:TSCDY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.25 and traded as low as $13.73. Tesco shares last traded at $13.73, with a volume of 261,804 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSCDY. BNP Paribas began coverage on Tesco in a research report on Friday, October 18th. They issued an “outperform” rating on the stock. Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a research report on Tuesday, August 13th.

Tesco Trading Down 1.3 %

The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $14.26 and a 200 day simple moving average of $12.76.

Tesco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 15th will be paid a $0.1692 dividend. The ex-dividend date is Tuesday, October 15th.

About Tesco

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.