South32 (OTCMKTS:SOUHY) Shares Gap Down – Should You 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 changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on SOUHY. Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Zacks Research upgraded 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 MarketBeat, the company currently has an average rating of “Hold”.

South32 Trading Down 0.5%

The firm’s fifty day moving average price is $10.44 and its 200-day moving average price is $9.78. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15.

South32 Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 22nd were given a dividend of $0.1196 per share. This represents a yield of 316.0%. The ex-dividend date of this dividend 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.