South32 (OTCMKTS:SOUHY) Shares Gap Down – Here’s Why

Shares of South32 Ltd. (OTCMKTS:SOUHY) gapped down before the market opened 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.

Analysts Set New Price Targets

SOUHY has been the topic of several research reports. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

South32 Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83. The stock has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $9.81.

South32 Dividend Announcement

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

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.