Croda International (OTCMKTS:COIHY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Croda International Plc (OTCMKTS:COIHY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $26.10 and traded as low as $23.94. Croda International shares last traded at $24.31, with a volume of 9,193 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on COIHY. Barclays upgraded shares of Croda International to a “hold” rating in a research note on Friday, July 26th. Berenberg Bank upgraded shares of Croda International to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Citigroup upgraded shares of Croda International to a “hold” rating in a report on Tuesday, October 15th.

Croda International Price Performance

The firm’s 50-day moving average price is $26.10 and its two-hundred day moving average price is $26.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.72 and a quick ratio of 1.67.

Croda International Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 6th were given a $0.2635 dividend. The ex-dividend date of this dividend was Friday, September 6th.

About Croda International

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers speciality and active ingredients across beauty care, beauty actives, and home care products, as well as fragrances and flavours.